Fang Fang, Maxwell Stinchcombe, Andrew Whinston
Aggregating dispersed information can produce extremely accurate predictions. When organizational structures are decentralized and/or the information needed to generate good forecasts is highly...
"Putting Your Money Where Your Mouth Is" – A Betting Platform for Better Prediction (2007)
Fang, Fang, Stinchcombe, Maxwell, Whinston, Andrew
We designed a platform with a betting mechanism for eliciting costly, dispersed information of different quality. Our objective is to elicit both dispersed information and the precision of the...
"Putting Your Money Where Your Mouth Is" – A Betting Platform for Better Prediction (2007)
Fang, Fang, Stinchcombe, Maxwell, Whinston, Andrew
We designed a platform with a betting mechanism for eliciting costly, dispersed information of different quality. Our objective is to elicit both dispersed information and the precision of the...
"Putting Your Money Where Your Mouth Is" – A Betting Platform for Better Prediction (2007)
Fang, Fang, Stinchcombe, Maxwell, Whinston, Andrew
We designed a platform with a betting mechanism for eliciting costly, dispersed information of different quality. Our objective is to elicit both dispersed information and the precision of the...
"Putting Your Money Where Your Mouth Is" – A Betting Platform for Better Prediction (2007)
Fang, Fang, Stinchcombe, Maxwell, Whinston, Andrew
We designed a platform with a betting mechanism for eliciting costly, dispersed information of different quality. Our objective is to elicit both dispersed information and the precision of the...
A MODEL OF MULTI-PERIOD INVESTMENT UNDER UNCERTAINTY (2005)
NASLUND, BERTIL, WHINSTON, ANDREW
This paper explores rational decision making for investment in the stock market. The first part is concerned with problems of a methodological nature, mainly dealing with the relationship between...
A UNIFIED APPROACH TO THE THEORY OF ACCOUNTING AND INFORMATION SYSTEMS. (2005)
Colantoni,Claude S., Manes,Rene P., Whinston,Andrew
The paper is directed toward a unified solution to the modification of conventional accounting theory necessary to make it more compatible with present computer technology and to extend the system to...
SIMPLICIAL METHODS FOR QUADRATIC PROGRAMMING, (2005)
The article is concerned with two closely related quadratic programming methods, the Simplex and the dual method for quadratic programming. Though a self-contained exposition of both methods is...
PRICE GUIDES IN DECENTRALIZED ORGANIZATION (1998)
The use of prices as a means for achieving efficient allocation of resources within a decentralized system such as a business firm is discussed. Two general classes of problems are studied:...
A PARAMETRIC SIMPLICIAL FORMULATION OF HOUTHAKKER'S CAPACITY METHOD, (1998)
Panne, C. Van De, Whinston, Andrew
The paper reformulates Houthakker's capacity method for quadratic programming in the framework of the Simplex and dual methods for quadratic programming, thereby greatly reducing the conceptual and...
AN ALGORITHM FOR NONCONVEX PROGRAMMING, (1998)
The paper presents an algorithm to solve the most general mathematical programming problem: s.t. (g superscript i)(y) = or < 0, i = 1,2,...,m, Min. g(y), y = (y1,...,yn). The only restriction...
SOME WELFARE PROBLEMS OF INTERTEMPORAL DECISION-MAKING, (1998)
The paper is concerned with optimal decision-making over time. The tools of the Pontryagin maximum principle are used to investigate the case of water pollution. Two producers on a stream, one...
TWO ALGORITHMS FOR INTEGER OPTIMIZATION, (1998)
Loehman,Edna, Nghiem,Ph. T., Whinston,Andrew
The paper presents two algorithms for solving zero-one programming problems. The algorithms are also suited for solving mixed integer programming problems, that is, when some of the variables are...
Optimal Investment with the Lags, (1998)
Whinston,Andrew, Loehman,Edna, El-Hodiri,Mohamed
Recent papers on optimal growth have considered models exploring optimal allocation of resources between consumption and investment. In these, investment in a capital good results in an instant...
An Optimal Growth Model with Time Lags. (1998)
Whinston,Andrew, Loehman,Edna, El-Hodiri,Mohamed
Recent papers of optimal growth considered models of allocation of resources between consumption and investment. It was invariably assumed that investment results in an instantaneous increase in the...
A New Theory of Pricing and Decision-Making for Public Investment
This paper presents a theory for price-setting in public utilities, of which public goods will be considered a special case. Both public goods and utilities are cases of joint supplies and costs,...
"Putting Your Money Where Your Mouth Is" - A Betting Platform for Better Prediction
Fang Fang, Maxwell Stinchcombe, Andrew Whinston
We designed a platform with a betting mechanism for eliciting costly, dispersed information of different quality. Our objective is to elicit both dispersed information and the precision of the...