Potential of idea futures markets in organizational decision-making for educational technology

David Lynn Passmore, Evin Dogan Cebeci

Research output: Chapter in Book/Report/Conference proceedingConference contribution

1 Scopus citations

Abstract

The concepts and methods used in commodity and financial futures markets are adapted to structure "idea" futures markets. Instead of trading on future prices for commodities or financial instruments, an idea futures market trades on the likelihood of realization of a specific, identifiable, operational proposition at some future point in time-an idea. Shares in an idea future are bought and sold using standard market methods. The price of a future reflects the aggregated information over all traders about the probability associated with the proposition. Prices rise or fall based upon changes in information perceived by market participants. Idea futures markets have strong applicability to strategic, tactical, and logistics decisions about the development, diffusion, and implementation of educational technology products.

Original languageEnglish (US)
Title of host publicationProceedings of the Fifth International Conference on Information Technology Based Higher Education and Training, ITHET 2004
EditorsY. Akpinar
Pages550-555
Number of pages6
StatePublished - Dec 1 2004
EventProceedings of the Fifth International Conference on Information Technology Based Higher Education and Training, ITHET 2004 - Istanbul, Turkey
Duration: May 31 2004Jun 2 2004

Publication series

NameProceedings of the Fifth International Conference on Information Technology Based Higher Education and Training, ITHET 2004

Other

OtherProceedings of the Fifth International Conference on Information Technology Based Higher Education and Training, ITHET 2004
CountryTurkey
CityIstanbul
Period5/31/046/2/04

All Science Journal Classification (ASJC) codes

  • Engineering(all)

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  • Cite this

    Passmore, D. L., & Cebeci, E. D. (2004). Potential of idea futures markets in organizational decision-making for educational technology. In Y. Akpinar (Ed.), Proceedings of the Fifth International Conference on Information Technology Based Higher Education and Training, ITHET 2004 (pp. 550-555). (Proceedings of the Fifth International Conference on Information Technology Based Higher Education and Training, ITHET 2004).