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Information Markets for Social Participation in Public Policy Design and Implementation

Authors

Gregoris Mentzas,Dimitris Apostolou,Efthimios Bothos,Babis Magoutas

National Technical University of Athens,University of Piraeus,National Technical University of Athens,National Technical University of Athens


Proceedings:

Proceedings of the International AAAI Conference on Web and Social Media, 5

Volume

Issue:

Vol. 5 No. 2 (2011): ICWSM Workshop Technical Report WS-11-01 (Social Innovation and Social Media)

Track:

Social Innovation and Social Media

Downloads:

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Abstract:

In this paper we propose a research agenda on the use of information markets as tools to collect, aggregate and analyze citizens’ opinions, expectations and preferences from social media in order to support public policy design and implementation. We argue that markets are institutional settings able to efficiently allocate scarce resources, aggregate and disseminate information into prices and accommodate hedging against various types of risks. We discuss various types of information markets, as well as address the participation of both human and computational agents in such markets.

DOI:

10.1609/icwsm.v5i2.14206


ICWSM

Vol. 5 No. 2 (2011): ICWSM Workshop Technical Report WS-11-01 (Social Innovation and Social Media)