TITLE

USING INFORMATION MARKETS TO IMPROVE PUBLIC DECISION MAKING

AUTHOR(S)
Hahn, Robert W.; Tetlock, Paul C.
PUB. DATE
September 2005
SOURCE
Harvard Journal of Law & Public Policy;Fall2005, Vol. 29 Issue 1, p213
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article considers the use of information markets as means to improve public decision making. Many legal scholars have studied how to improve public decision making. Cost-benefit analysis is a tool used by decision makers to help inform the policy process. It argues that decision makers can be more confident in analytical results if these results are based more directly on market data.
ACCESSION #
19546606

 

Related Articles

  • Editorial: When to Turn Down a Lead Role. Rothkopf, Michael H. // Interfaces;Sep/Oct96, Vol. 26 Issue 5, p7 

    This article focuses on issues about the role and potential roles of cost/benefit analysis in policy-making. Members of Congress who have never been fans of formal analysis are proposing that cost/benefit analysis be required before any new regulations are enacted. Although political experts are...

  • Project Decisions under Uncertainty: Applications to Publicly Financed Project. Joseph, Idolor Eseoghene // European Journal of Economics, Finance & Administrative Sciences;Dec2010, Issue 27, p94 

    This study is concerned with the appraisal of events which have uncertain outcomes. This issue though generally recognized, is not usually explicitly considered in otherwise detailed cost-benefit analysis of publicly financed investment projects. Project decisions involves the use of a rational...

  • Chapter 6: Conducting a cost/benefit analysis.  // Bloomsbury Business Library - Make Effective Decisions;2007, p48 

    Chapter 6 of the book "Bloomsbury Business Library--Make Effective Decisions" is presented. It explores the process of conducting a cost/benefit analysis used in decision making. In a cost/benefit analysis every aspect of the project is given a financial value and it is generally found to be...

  • Decision Analysis in One Chart. Parnell, Gregory S. // Decision Line;May2009, Vol. 40 Issue 3, p20 

    The article focuses on decision analysis, its key concepts and the most common techniques used by practicing decision analysis. It defines decision analysis as an operations research technique for analyzing complex decisions with multiple objectives and uncertainty. A figure is presented to show...

  • RESOURCES: A Cost Analyst's Perspective. Moskowitz, John // Armed Forces Comptroller;Fall2007, Vol. 52 Issue 4, p23 

    The article discusses the different resources for an effective cost analysis of defense requirements. Cost analysis involves the application of quantitative techniques to determine the optimal use of resources to facilitate cost-effective decisions. These resources include requirements,...

  • Cost Effectiveness in Low- and Middle-Income Countries: A Review of the Debates Surrounding Decision Rules. Shillcutt, Samuel D.; Walker, Damian G.; Goodman, Catherine A.; Mills, Anne J. // PharmacoEconomics;2009, Vol. 27 Issue 11, p903 

    Cost-effectiveness analysis (CEA) is increasingly important in public health decision making, including in low- and middle-income countries. The decision makers' valuation of a unit of health gain, or ceiling ratio (l), is important in CEA as the relative value against which acceptability is...

  • COST EFFECTIVENESS ANALYSIS. Womer, Norman Keith // Encyclopedia of Operations Research & Management Science;2001, p155 

    An encyclopedia entry for cost effectiveness analysis (CEA) is presented. CEA refers to the process of using theory, data and models to examine a problem's relevant objectives and alternative means of achieving them aimed to assist decision makers in choosing the best alternative solutions to a...

  • The Biology-Policy Interface: Theories of Pathogenesis, Benefit Valuation and Public Policy Formation. Nemetz, Peter N.; Vining, Aidan R. // Policy Sciences;Apr1981, Vol. 13 Issue 2, p125 

    This paper reviews some of the basic concepts of cost and risk-benefit analysis in the context of toxic chemical regulation and discusses several critical complexities inherent in the practical application of this methodology. The broad qualitative use of risk-benefit analysis can be an...

  • THE IMPORTANCE OF THE COST INFORMATION IN MAKING DECISIONS. Lepadatu, Gheorghe V. // Metalurgia International;Jan2012, Vol. 17 Issue 1, p123 

    The cost information system plays an important role in every organization within the decision-making process. An important task of management is to ensure the control over operations, processes, activity sectors, and not ultimately on costs. Although in reaching the goals of an organization...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics