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dc.contributor.authorChoo, L
dc.contributor.authorKaplan, TR
dc.contributor.authorZultan, R
dc.date.accessioned2021-08-23T07:23:53Z
dc.date.issued2022-01-07
dc.description.abstractMarkets 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.sponsorshipInternational Foundation for Research in Experimental Economicsen_GB
dc.description.sponsorshipNational Science Foundation of Chinaen_GB
dc.identifier.citationPublished online 7 January 2022en_GB
dc.identifier.doi10.1287/mnsc.2021.4213
dc.identifier.grantnumber72033006en_GB
dc.identifier.urihttp://hdl.handle.net/10871/126847
dc.language.isoenen_GB
dc.publisherINFORMSen_GB
dc.rights© 2022 INFORMS
dc.subjectprediction marketsen_GB
dc.subjectpolicyen_GB
dc.subjectmanagerial decision makingen_GB
dc.subjectexperimenten_GB
dc.titleManipulation and (mis)trust in prediction marketsen_GB
dc.typeArticleen_GB
dc.date.available2021-08-23T07:23:53Z
dc.identifier.issn0025-1909
dc.descriptionThis is the author accepted manuscript. The final version is available from INFORMS via the DOI in this recorden_GB
dc.identifier.journalManagement Scienceen_GB
dc.rights.urihttp://www.rioxx.net/licenses/all-rights-reserveden_GB
dcterms.dateAccepted2021-07-12
exeter.funder::IFREE - International Foundation for Research in Experimentaen_GB
rioxxterms.versionAMen_GB
rioxxterms.licenseref.startdate2021-07-12
rioxxterms.typeJournal Article/Reviewen_GB
refterms.dateFCD2021-08-21T08:54:25Z
refterms.versionFCDAM
refterms.dateFOA2022-01-28T16:37:53Z
refterms.panelCen_GB


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