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Tag Archives: business value
Business Value
Posted in Business Administration
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Tagged business value, meritology, Russell Thomas
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Info Value = the added accuracy the markets provide relative to other mechanisms, times the value that accuracy can give in improved decisions, minus the cost of maintaining the markets, relative to the cost of other mechanisms.
- Robin Hanson: A highly accurate market has little value if other mechanisms can provide similar accuracy at a lower cost, or if few substantial decisions are influenced by accurate forecasts on its topic. – [Here’s Robin Hanson’s website. For … Continue reading →
A highly accurate prediction market has little value if other mechanisms can provide similar accuracy at a lower cost, or if few substantial decisions are influenced by accurate forecasts on its topic.
Robin Hanson – Overcoming Bias – - Robin Hanson at LinkedIn – Robin Hanson: Info Value = the added accuracy the markets provide relative to other mechanisms, times the value that accuracy can give in improved decisions, minus the cost … Continue reading →
Posted in All Best Posts Ever, Analysis (Meta), Explainers, Forecasting (Science & Practice)
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Tagged accuracy, advanced researcher, Bo Cowgill, business value, corporate prediction markets, enterprise prediction markets, Eric Zitwewitz, Google, info value, internal prediction markets, Justin Wolfers, prediction markets, private prediction markets, Robin Hanson, value applications
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