A foundation for the study of group decision support systems
Management Science
Forecaster diversity and the benefits of combining forecasts
Management Science
Information Systems Frontiers
Prediction Markets as Decision Support Systems
Information Systems Frontiers
The Effect of Electronic Markets on Forecasts of New Product Success
Information Systems Frontiers
Internet-Based Virtual Stock Markets for Business Forecasting
Management Science
Eliminating Public Knowledge Biases in Information-Aggregation Mechanisms
Management Science
The Wisdom of Crowds
A new collaborative system framework based on a multiple perspective approach: InteliTeam
Decision Support Systems - Special issue: Collaborative work and knowledge management
Supply chain information sharing in a macro prediction market
Decision Support Systems
Information Systems Frontiers
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An attractive feature of Prediction Markets (PMs) is that they provide economic incentives for informants to share unique information. It is unclear whether PMs are appropriate for applications with few knowledgeable informants as is the case for most institutional forecasting tasks. Hence, we compare the performance of small PMs with traditional judgment-based forecasting approaches. Our results show that forecasts from small PMs outperform traditional approaches in settings of high information-heterogeneity (i.e., where the amount of unique information possessed by informants is relatively high) and are no worse in settings of low information-heterogeneity.