Dorit.Geifman: moved HP's IAM to HP's Information Aggregation Mechanism

Dorit.Geifman — Wed, 12 May 2010 12:12:11 GMT

moved HP's IAM to HP's Information Aggregation Mechanism

← Older revision

Revision as of 12:12, 12 May 2010

Dorit.Geifman at 12:04, 12 May 2010

Dorit.Geifman — Wed, 12 May 2010 12:04:30 GMT

← Older revision		Revision as of 12:04, 12 May 2010
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		+	'''HP's Information Aggregation Mechanism (IAM)''' was initiated in 1996 by Caltech and Hewlett-Packard Laboratories in order to investigate the possibilities of implementing an information aggregation mechanism to ''[[:category:Predict\|predict]]'' ''[[:Category:Business topics\|product and sales related events]]'' in a ''[[:category:Corporate\|corporate]]'' environment. The markets were ''[[:category:Small size markets\|small]]'' and ''[[:category:Medium size markets\|medium]]'', ranging from 7 to 26 traders, and were open for ''[[:Category:Medium duration\|medium duration]]'' (one week). The marketplace employed the ''[[:Category:Continuous Double Auction (CDA)\|Continuous Double Auction (CDA)]]'' market model, and operated with ''[[:Category:Real-money\|real-money]]''. The traders received ''[[:Category:Initial capital endowment\|initial capital endowment]]'' and ''[[:Category:Initial securities endowment\|initial securities endowment]]'', and the final dividends were calculated based on a ''[[:Category:Winner-takes-all securities\|winner-takes-all securities]]'' model. ''[[:Category:Off-platform interaction\|Off-platform interaction]]'' was possible through casual meetings at company's premises.
		+
		+	The participants were ''[[:Category:Invited traders\|invited]]'' from different parts of the business operation. These employees were involved in building the official company's forecasts and therefore had ''[[:Category:Stakeholders\|stakes]]'' in the outcome of the markets. Even though the participants were exposed to all the relevant information which was available to the company, they possessed ''[[:Category:Incomplete information\|incomplete information]]'' about the event. At the end of the experiment the traders received a ''[[:Category:Monetary reward\|monetary reward]]'' according to their ''[[:Category:Performance incentive\|performance]]''.
		+
	== Discussion ==		== Discussion ==

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-	~~[[Category:Aggregate information]]~~
	[[Category:Business topics]]		[[Category:Business topics]]
-	~~[[Category:Complete information]]~~
	[[Category:Continuous Double Auction (CDA)]]		[[Category:Continuous Double Auction (CDA)]]
	[[Category:Corporate]]		[[Category:Corporate]]
		+	[[Category:Incomplete information]]
	[[Category:Initial capital endowment]]		[[Category:Initial capital endowment]]
	[[Category:Initial securities endowment]]		[[Category:Initial securities endowment]]
	[[Category:Invited traders]]		[[Category:Invited traders]]
		+	[[Category:Markets]]
	[[Category:Medium duration]]		[[Category:Medium duration]]
		+	[[Category:Medium size markets]]
	[[Category:Monetary reward]]		[[Category:Monetary reward]]
	[[Category:Off-platform interaction]]		[[Category:Off-platform interaction]]
	[[Category:Performance incentive]]		[[Category:Performance incentive]]
		+	[[Category:Predict]]
	[[Category:Real-money]]		[[Category:Real-money]]
	[[Category:Small size markets]]		[[Category:Small size markets]]
	[[Category:Stakeholders]]		[[Category:Stakeholders]]
	[[Category:Winner-takes-all securities]]		[[Category:Winner-takes-all securities]]

Dorit.Geifman: Created page with '== Discussion == == References == Chen, K. Y., & Plott, C. R. (2002). [http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.1.7437&rep=rep1&type=pdf Information aggregation …'

Dorit.Geifman — Sun, 09 May 2010 12:53:31 GMT

Created page with '== Discussion == == References == Chen, K. Y., & Plott, C. R. (2002). [http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.1.7437&rep=rep1&type=pdf Information aggregation …'

New page

== Discussion ==

== References ==
Chen, K. Y., & Plott, C. R. (2002). [http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.1.7437&rep=rep1&type=pdf Information aggregation mechanisms: Concept, design and implementation for a sales forecasting problem]. ''Lee Center Workshop''

== External links ==

[[Category:Aggregate information]]
[[Category:Business topics]]
[[Category:Complete information]]
[[Category:Continuous Double Auction (CDA)]]
[[Category:Corporate]]
[[Category:Initial capital endowment]]
[[Category:Initial securities endowment]]
[[Category:Invited traders]]
[[Category:Medium duration]]
[[Category:Monetary reward]]
[[Category:Off-platform interaction]]
[[Category:Performance incentive]]
[[Category:Real-money]]
[[Category:Small size markets]]
[[Category:Stakeholders]]
[[Category:Winner-takes-all securities]]

HP's Information Aggregation Mechanism - Revision history

Dorit.Geifman: moved HP's IAM to HP's Information Aggregation Mechanism

Dorit.Geifman at 12:04, 12 May 2010

Dorit.Geifman: Created page with '== Discussion == == References == Chen, K. Y., & Plott, C. R. (2002). [http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.1.7437&rep=rep1&type=pdf Information aggregation …'