Deliberation vs. Market Interaction: Two Complementary Perspectives on Collective Decision-Making
Deliberation vs. Market Interaction: Two Complementary Perspectives on Collective Decision-Making
Author(s): Florin PopaSubject(s): Business Economy / Management, Policy, planning, forecast and speculation, Economic development
Published by: EDITURA ASE
Keywords: deliberation; prediction market; information management; collective decision-making; rationality;
Summary/Abstract: This paper analyses critically some opinions put forward by Cass Sunstein in a 2007 article on how information is aggregated and collectively used in deliberating groups, as opposed to prediction markets. The author puts forward several arguments in support of prediction markets, with a view to extracting useful lessons in reforming or adjusting deliberative processes. Rather than providing arguments in support of one side or another, we attempt to indicate the intrinsically related nature of deliberation and „impersonal” market aggregation of information in group decision-making.
Journal: Revista de Management Comparat Internațional
- Issue Year: 10/2009
- Issue No: S1
- Page Range: 193-196
- Page Count: 4
- Language: English