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Jan Marco Leimeister
Title
Prof. Dr.
Last Name
Leimeister
First name
Jan Marco
Email
janmarco.leimeister@unisg.ch
Phone
+41 71 224 3330
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PublicationCrowdsourcing: How to Benefit from (Too) Many Great IdeasThis article focuses on how companies can cope with the enormous volume and variety of data (big data) that is acquired on crowdsourcing platforms from the worldwide community of Internet users. We identify the challenges of implementing crowdsourcing platforms and show how CIOs and other organizational leaders can build the absorptive capacity necessary to extract business value from crowdsourced data.Type: journal articleJournal: MIS Quarterly ExecutiveVolume: 12Issue: 4
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PublicationThe Effects of Prediction Market Design and Price Elasticity on Trading Performance of Users : An Experimental Analysis(Cornell University Library, 2012-04-18)
;Riedl, Christoph ;Köroglu, OrhanKrcmar, HelmutWe employ a 2x3 factorial experiment to study two central factors in the design of prediction markets (PMs) for idea evaluation: the overall design of the PM, and the elasticity of market prices set by a market maker. The results show that 'multi-market designs' on which each contract is traded on a separate PM lead to significantly higher trading performance than 'single-markets' that handle all contracts one on PM. Price elasticity has no direct effect on trading performance, but a significant interaction effect with market design implies that the performance difference between the market designs is highest in settings of moderate price elasticity. We contribute to the emerging research stream of PM design through an unprecedented experiment which compares current market designs.Type: conference paperVolume: Paper 77