Prediction markets as a way to manage acquisition programs

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Author
Dishmon, Joshua M.
Date
2011-06Advisor
Coughlan, Pete
Gates, William R.
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Show full item recordAbstract
Prediction markets generally are small-scale electronic markets that tie payoffs to measurable future events. They are similar to stock markets, where the "stocks" are outcomes or events rather than shares in a company. The growing popularity of prediction markets reflects the notion that markets are an excellent means of efficient information aggregation among a disparate group of people. Trading prices in the prediction markets provide decision makers with a timely, accurate, and continuously updated picture on the likelihood of future events. This enables decision makers to better evaluate risk. Based on historical successes in prediction market utilization, it is both logical and important to assess the usefulness of prediction markets in acquisition programs. This thesis evaluates the usefulness of prediction markets in the Defense (DoD) acquisition field.
Description
MBA Professional Report
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This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.Related items
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