dc.contributor.author | Choo, L | |
dc.contributor.author | Kaplan, TR | |
dc.contributor.author | Zultan, R | |
dc.date.accessioned | 2021-08-23T07:23:53Z | |
dc.date.issued | 2022-01-07 | |
dc.description.abstract | Markets are increasingly used as information aggregation mechanisms to predict future events. If policy makers and managers use markets to guide policyandmanagerialdecisions,interestedpartiesmayattempttomanipulate the market in order to influence decisions. We study experimentally the willingness of managers to base decisions on market information under the shadow of manipulation. We find that when there are manipulators in the market, managers under-utilize the information revealed in prices. Furthermore, mere suspicion of manipulation erodes trust in the market, leading to the implementation of suboptimal policies—even without actual manipulation. | en_GB |
dc.description.sponsorship | International Foundation for Research in Experimental Economics | en_GB |
dc.description.sponsorship | National Science Foundation of China | en_GB |
dc.identifier.citation | Published online 7 January 2022 | en_GB |
dc.identifier.doi | 10.1287/mnsc.2021.4213 | |
dc.identifier.grantnumber | 72033006 | en_GB |
dc.identifier.uri | http://hdl.handle.net/10871/126847 | |
dc.language.iso | en | en_GB |
dc.publisher | INFORMS | en_GB |
dc.rights | © 2022 INFORMS | |
dc.subject | prediction markets | en_GB |
dc.subject | policy | en_GB |
dc.subject | managerial decision making | en_GB |
dc.subject | experiment | en_GB |
dc.title | Manipulation and (mis)trust in prediction markets | en_GB |
dc.type | Article | en_GB |
dc.date.available | 2021-08-23T07:23:53Z | |
dc.identifier.issn | 0025-1909 | |
dc.description | This is the author accepted manuscript. The final version is available from INFORMS via the DOI in this record | en_GB |
dc.identifier.journal | Management Science | en_GB |
dc.rights.uri | http://www.rioxx.net/licenses/all-rights-reserved | en_GB |
dcterms.dateAccepted | 2021-07-12 | |
exeter.funder | ::IFREE - International Foundation for Research in Experimenta | en_GB |
rioxxterms.version | AM | en_GB |
rioxxterms.licenseref.startdate | 2021-07-12 | |
rioxxterms.type | Journal Article/Review | en_GB |
refterms.dateFCD | 2021-08-21T08:54:25Z | |
refterms.versionFCD | AM | |
refterms.dateFOA | 2022-01-28T16:37:53Z | |
refterms.panel | C | en_GB |