Information Markets - Crowdsourcing Answers in Business, Education & Government
Posted: 24 May 2011
Date Written: May 24, 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.
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