TY - GEN
T1 - Potential of idea futures markets in organizational decision-making for educational technology
AU - Passmore, David L.
AU - Cebeci, Evin Dogan
PY - 2004
Y1 - 2004
N2 - The concepts and methods used in commodity and financial futures markets are adapted to structure "idea" futures markets. Instead of trading on future prices for commodities or financial instruments, an idea futures market trades on the likelihood of realization of a specific, identifiable, operational proposition at some future point in time-an idea. Shares in an idea future are bought and sold using standard market methods. The price of a future reflects the aggregated information over all traders about the probability associated with the proposition. Prices rise or fall based upon changes in information perceived by market participants. Idea futures markets have strong applicability to strategic, tactical, and logistics decisions about the development, diffusion, and implementation of educational technology products.
AB - The concepts and methods used in commodity and financial futures markets are adapted to structure "idea" futures markets. Instead of trading on future prices for commodities or financial instruments, an idea futures market trades on the likelihood of realization of a specific, identifiable, operational proposition at some future point in time-an idea. Shares in an idea future are bought and sold using standard market methods. The price of a future reflects the aggregated information over all traders about the probability associated with the proposition. Prices rise or fall based upon changes in information perceived by market participants. Idea futures markets have strong applicability to strategic, tactical, and logistics decisions about the development, diffusion, and implementation of educational technology products.
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M3 - Conference contribution
AN - SCOPUS:14544282873
SN - 0780385969
T3 - Proceedings of the Fifth International Conference on Information Technology Based Higher Education and Training, ITHET 2004
SP - 550
EP - 555
BT - Proceedings of the Fifth International Conference on Information Technology Based Higher Education and Training, ITHET 2004
A2 - Akpinar, Y.
T2 - Proceedings of the Fifth International Conference on Information Technology Based Higher Education and Training, ITHET 2004
Y2 - 31 May 2004 through 2 June 2004
ER -