Information Markets: Feasibility and Performance

Abstract:     
The performance of prediction markets has been one driving force behind the renewed attention on distributed problem solving. This case reviewed the feasibility and performance of prediction or information markets, discussed some apparently successful applications, considered likely limitations of information markets, and identified important areas for future research.

Keywords: distributed problem solving networks, internet, network, crowd sourcing, problem solving, organization, prediction markets, knowledge, collaboration, digital networks, information sharing

Working Paper Series