Enabled by the Internet-Web compound, co-creation of value by consumers has emerged as
a major force in the marketplace. In sponsored co-creation, which takes place at the behest …

This study investigates whether microblogging messages on Twitter validly mirror the
political landscape off-line and can be used to predict election results. In the context of the …

In this landmark book, Scott Page redefines the way we understand ourselves in relation to
one another. The Difference is about how we think in groups--and how our collective …

The rise of the" information society" offers not only considerable peril but also great promise.
Beset from all sides by a never-ending barrage of media, how can we ensure that the most …

We analyze the extent to which simple markets can be used to aggregate disperse
information into efficient forecasts of uncertain future events. Drawing together data from a …

Economists, psychologists, and marketers are interested in determining the monetary value
people place on non-market goods for a variety of reasons: to carry out cost-benefit analysis …

Is the involvement of stars critical to the success of motion pictures? Film studios, which
regularly pay multimillion-dollar fees to stars, seem to be driven by that belief. This article …

This paper investigates the value of collective judgments which stem from settings that have
not been designed explicitly to elicit the 'Wisdom of Crowds'. In particular, I investigate …

We report the results of the first large-scale, long-term, experimental test between two
crowdsourcing methods: prediction markets and prediction polls. More than 2,400 …

While most empirical analysis of prediction markets treats prices of binary options as
predictions of the probability of future events, Manski (2004) has recently argued that there is …