Title :
Trading in the market: an experiment in group decision dynamics
Author :
Moldovan, Mihai ; Van De Walle, Bartel ; Paliwal, Aahhas
Author_Institution :
Inf. Syst. Dept., New Jersey Inst. of Technol., Newark, NJ, USA
Abstract :
We describe the use of a computer-supported information market in an experimental decision making task for undergraduate information systems students. The market is organized as a series of seven consecutive weekly face to face sessions. In between those sessions, the students provide feedback on their trading experiences through an online discussion board. We focus on the students´ feedback as they deal with the uncertainty and variation of the market and reflect upon their trading behavior. We illustrate how the students cope to understand the decisions obtained in the market while learning about the market mechanisms, behavioral decision strategies and the role of information systems.
Keywords :
computer science education; economics; group decision support systems; information industry; behavioral decision strategies; computer-supported information market; group decision making; group decision support system; online discussion board; undergraduate information systems students; Decision making; Decision support systems; Economic forecasting; Feedback; Game theory; Information systems; Information technology; Nominations and elections; Reflection; Toy industry;
Conference_Titel :
Information Technology: Research and Education, 2003. Proceedings. ITRE2003. International Conference on
Print_ISBN :
0-7803-7724-9
DOI :
10.1109/ITRE.2003.1270640