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Policy Analysis Market : ウィキペディア英語版 | Policy Analysis Market The Policy Analysis Market (PAM), part of the FutureMAP project, was a proposed futures exchange developed by the United States' Defense Advanced Research Projects Agency (DARPA) and based on an idea first proposed by Net Exchange, a San Diego research firm specializing in the development of online prediction markets.〔(FutureMAP project )〕 == Proposal ==
PAM was to be "a market in the future of the Middle East", and would have allowed trading of futures contracts based on possible political developments in several Middle Eastern countries. The theory behind such a market is that the monetary value of a futures contract on an event reflects the probability that that event will actually occur, since a market's actors rationally bid a contract either up or down based on reliable information.〔(''Pentagon Prepares a Futures Market on Terror Attacks'' )〕〔 One of the models for PAM was a political futures market run by the University of Iowa, which had predicted U.S. election outcomes more accurately than either opinion polls or political pundits. PAM was also inspired by the work of George Mason University economist Robin Hanson.〔http://www.sirc.org/articles/policy_analysis.shtml〕
抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)』 ■ウィキペディアで「Policy Analysis Market」の詳細全文を読む
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