Information Markets: Feasibility and Performance

31 Pages Posted: 19 Nov 2008 Last revised: 3 Dec 2015

See all articles by David A. Bray

David A. Bray

Institute for Defense Analyses; Harvard University; Emory University - Goizueta Business School; National Defense University; Forbes Ignite; University of Oxford

Karen Croxson

Balliol College

William H. Dutton

GCSCC Computer Science University of Oxford

Date Written: November 17, 2008


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

Suggested Citation

Bray, David A. and Croxson, Karen and Dutton, William H., Information Markets: Feasibility and Performance (November 17, 2008). OII DPSN Working Paper No. 10, Available at SSRN: or

David A. Bray (Contact Author)

Institute for Defense Analyses ( email )

4850 Mark Center Dr
Alexandria, VA 22311
United States

Harvard University ( email )

1875 Cambridge Street
Cambridge, MA 02138
United States

Emory University - Goizueta Business School ( email )

1300 Clifton Road
Atlanta, GA 30322-2722
United States

National Defense University ( email )

Marshall Hall
300 5th Avenue
Washington, DC 20319-5066
United States

Forbes Ignite

New York, NY
United States

University of Oxford

United Kingdom


Karen Croxson

Balliol College ( email )

Oxford, England, OX1 3BJ
United States

William H. Dutton

GCSCC Computer Science University of Oxford ( email )

Department of Computer Science
Robert Hooke Bldg 010
Oxford, Oxfordshire OX1 3PR
United Kingdom

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