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The design of improved parimutuel-type information aggregation mechanisms : inaccuracies and the long-shot bias as disequilibrium phenomena

Axelrod, Boris S.; Kulick, Ben J.; Plott, Charles; … - In: Journal of economic behavior & organization : JEBO 69 (2009) 2, pp. 170-181

Persistent link: https://www.econbiz.de/10003810646

The design of improved parimutuel-type information aggregation mechanisms: Inaccuracies and the long-shot bias as disequilibrium phenomena

Axelrod, Boris S.; Kulick, Ben J.; Plott, Charles R.; … - In: Journal of Economic Behavior & Organization 69 (2009) 2, pp. 170-181

Information aggregation mechanisms (IAMs) based on parimutuel-type betting systems can aggregate information from complex environments. However, the performance of previously studied systems is imperfect due to possible bluffing, strategic timing of decisions, and "long-shot bias". This paper...

Persistent link: https://www.econbiz.de/10005127359

Design improved parimutuel-type information aggregation mechanisms: Inaccuracies & the long-shot bias as disequilibrium phenomena

Axelrod, Boris S.; Kulick, Benjamin J.; Plott, Charles R.; … - California Institute of Technology, Division of the … - 2007

Persistent link: https://www.econbiz.de/10005128107

The design and testing of information aggregation mechanisms: A Two-stage parimutuel IAM

Roust, Kevin A.; Plott, Charles R. - California Institute of Technology, Division of the … - 2005

Persistent link: https://www.econbiz.de/10005128281

The design of improved parimutuel-type information aggregation mechanisms: Inaccuracies and the long-shot bias as disequilibrium phenomena

Axelrod, Boris S.; Kulick, Ben J.; Plott, Charles R.; … - In: Journal of economic behavior & organization : JEBO 69 (2009) 2, pp. 170-181

Persistent link: https://www.econbiz.de/10008170640

The design of improved parimutuel-type information aggregation mechanisms: Inaccuracies and the long-shot bias as disequilibrium phenomena

Axelrod, Boris S.; Kulick, Ben J.; Plott, Charles R.; … - In: Journal of economic behavior & organization : JEBO 69 (2009) 2, pp. 170-182

Persistent link: https://www.econbiz.de/10008882915