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Predictocracy : market mechanisms for public and private decision making

Author: Michael Abramowicz
Publisher: Yale University Press, New Haven : Yale University Press, ©2007.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
"Predicting the future is serious business for virtually all public and private institutions, for they must often make important decisions based on such predictions. This visionary book explores how institutions from legislatures to corporations might improve their predictions and arrive at better decisions by means of prediction markets, a promising new tool with virtually unlimited potential applications. Michael  Read more...
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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Michael Abramowicz
ISBN: 9780300115994 0300115997
OCLC Number: 132583666
Description: xviii, 346 pages : illustrations ; 25 cm
Contents: The media --
Policy analysts --
Businesses --
Committees --
Regulatory bodies --
Administrative agencies --
Public corporations --
Courts --
Legislative bodies --
Predictocracy.
Responsibility: Michael Abramowicz.
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Abstract:

Predicting the future is serious business for virtually all public and private institutions, for they must often make important decisions based upon such predictions. This book explores how  Read more...

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"Abramowicz argues that prediction markets could be used to improve forecasts and help with decision making in almost any field. . . . [He] argues persuasively that they have merit and that policy Read more...

 
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