Information Markets - Crowdsourcing Answers in Business, Education & Government
Marshall W. Van Alstyne
Boston University - Department of Management Information Systems; Massachusetts Institute of Technology (MIT) - Sloan School
May 24, 2011
Gruter Institute Squaw Valley Conference: Law, Institutions & Human Behavior, 2011
This talk will apply standard economic theories -- on prices, on money supply, and on networks -- to the design of a market for information exchange. The premise is that much prior work on "knowledge management" has been atheoretical and that practical systems therefore need to borrow from existing theories that have much to say about the movement and value of information. Results from a commercial field trial will be presented followed by a discussion of how information markets might improve education and government. For a discussion of the business aspects, see http://ssrn.com/abstract=1652432.
working papers series
Date posted: May 24, 2011
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