Prediction Markets: Do They Improve Risk Management?

Abstract

After introducing a prediction market to the USAF: We observe enhanced risk management practices on programs with self-generating risk identification and mitigation activity; We do not conclusively observe this effect on programs with stimulus-driven risk management processes.

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Document Details

Document Type
Technical Report
Publication Date
Sep 22, 2010
Accession Number
AD1132200

Entities

People

  • Jon Schuler

Organizations

  • MITRE Corporation

Tags

Communities of Interest

  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Acquisition
  • Clinical Trials
  • Corporations
  • Database Management Systems
  • Databases
  • Demonstrations
  • Feedback
  • Governments
  • Identification
  • Lead Time
  • New England
  • Observation
  • Platforms
  • Procurement
  • Risk
  • Risk Management
  • Sampling
  • Spectra
  • Survival
  • Therapy

Readers

  • Defense Acquisition Program Management
  • Systems Analysis and Design
  • Vision Science/Vision Psychology/Cognitive Neuroscience.