Idea Management platform (IDeM)
From P-MART wiki
| Line 1: | Line 1: | ||
| - | The '''Idea Management platform (IDeM)''' is a software platform that is used for operating markets that are intended to ''[[:Category:Elicit opinion|elicit opinion]]'' in support of ''[[:Category:Business topics|business decisions]]''. A prototype of this system was set in a ''[[:category:Laboratory |laboratory]]'' setting. The markets that were tested were of ''[[:Category:Medium size markets|medium size]]'' (31 participants) and open for a ''[[:Category:Long duration|long duration]]'' (3 weeks). The marketplace employed the ''[[:Category:Continuous Double Auction (CDA)|Continuous Double Auction (CDA)]]'' market model, and operated with ''[[:Category:Play-money|play-money]]''. The final dividend were calculated based on a ''[[:Category:Volume Weighted Average Price (VWAP)|volume weighted average price]]''. The traders received ''[[:Category:Initial capital endowment|initial capital endowment]]'' and ''[[:Category:Initial securities endowment|initial securities endowment]]''. Traders could comment and rate ideas through ''[[:Category:On-platform interaction| | + | The '''Idea Management platform (IDeM)''' is a software platform that is used for operating markets that are intended to ''[[:Category:Elicit opinion|elicit opinion]]'' in support of ''[[:Category:Business topics|business decisions]]''. A prototype of this system was set in a ''[[:category:Laboratory |laboratory]]'' setting. The markets that were tested were of ''[[:Category:Medium size markets|medium size]]'' (31 participants) and open for a ''[[:Category:Long duration|long duration]]'' (3 weeks). The marketplace employed the ''[[:Category:Continuous Double Auction (CDA)|Continuous Double Auction (CDA)]]'' market model, and operated with ''[[:Category:Play-money|play-money]]''. The final dividend were calculated based on a ''[[:Category:Volume Weighted Average Price (VWAP)|volume weighted average price]]''. The traders received ''[[:Category:Initial capital endowment|initial capital endowment]]'' and ''[[:Category:Initial securities endowment|initial securities endowment]]''. Traders could comment and rate ideas through ''[[:Category:On-platform interaction|on-platform interaction]]'' means. |
| + | |||
Postgraduate students who were enrolled to a course on decision support systems were ''[[:Category:Invited traders|invited]]'' to trade. Traders could suggest new ideas to the market and they were consequently ''[[:Category:Stakeholders|stakeholders]]''. While the traders were exposed to the opinion of their colleagues, they could still not be certain of the quality of the ideas, therefore possessing ''[[:Category:Incomplete information|incomplete information]]''. The ''[[:Category:Contribution incentive|contribution incentive]]'' was ''[[:Category:Bonus shares reward|bonus shares]]'' of the contributor's idea, while a ''[[:Category:Gift reward|prize]]'' was awarded to traders based on ''[[:Category:Performance-rank incentive|performance-rank]]''. | Postgraduate students who were enrolled to a course on decision support systems were ''[[:Category:Invited traders|invited]]'' to trade. Traders could suggest new ideas to the market and they were consequently ''[[:Category:Stakeholders|stakeholders]]''. While the traders were exposed to the opinion of their colleagues, they could still not be certain of the quality of the ideas, therefore possessing ''[[:Category:Incomplete information|incomplete information]]''. The ''[[:Category:Contribution incentive|contribution incentive]]'' was ''[[:Category:Bonus shares reward|bonus shares]]'' of the contributor's idea, while a ''[[:Category:Gift reward|prize]]'' was awarded to traders based on ''[[:Category:Performance-rank incentive|performance-rank]]''. | ||
