1 research outputs found
Using Prediction Markets to Incentivize and Measure Collective Knowledge Production
We present a mechanism design, coupling an online collaboration software and
a prediction market, which allows tracking down the very roots of individual
incentives, actions and how these behaviors influence collective intelligence
in terms of knowledge production as a public good. We show that the incentive
mechanism efficiently engages users without further governance structure, and
doesn't crowd out intrinsic motivation. Furthermore, it enables a powerful and
robust creative destruction process, which helps quickly filter out irrelevant
knowledge. While still at an early stage, this mechanism design can not only
bring insights for knowledge production organization design, but also has the
potential to illuminate the fundamental mechanisms underlying the emergence of
collective intelligence