Prediction Markets for MBA Courses




Designing Online Information Aggregation and Prediction Markets for MBA Courses

Abstract

Novel Internet-based tools are employed in order to enrich the instruction of theoretical aspects of decision making with hands-on experience and expose the students to these unique tools. One example is the incorporation of online Information Markets that use the financial markets mechanism as an information aggregation and processing engine. In this case the underlying asset is a statement to be evaluated or an event to be forecast. The resulting market price reflects the traders’ collective opinion as to the event's probability of occurring or the statement to be corrected.

 


jennifer.hulett@pmclusters.com
Tel: 714-458-3826
Fax: 714-572-3742




 

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