Issues in Economic Systems and Institutions: Information Aggregation

Main readings:

Supplementary Readings:

Here are some useful survey articles on information cascades, voting and prediction markets. They are not too technical and cover a lot of conceptual ground:

A number of notable economists make a case for deregulating prediction markets:

Websites for some prominent electronic trading and betting markets. They have data, so you can check how the markets performed in predicting the results of elections and other events:

Two popular books on the madness and wisdom of crowds. MacKay’s book is an old classic, Surowiecki’s book is a modern bestseller and very well written.

Two videos related to cascades and information aggregation: