Sessions for Friday, May 08 1
Sessions for Friday, May 08 Friday, 08:00 AM - 09:30 AM Friday, 08:00 AM - 09:30 AM, Columbia 1 Track: Behavior in Operations Management 1 Session: Buyer-Supplier Market Behavior Chair(s): Wedad Elmaghraby 060-0528 Field Experiment in B2B Auctions Wedad Elmaghraby, Associate Professor, University of Maryland, United States Anand Gopal, Associate Professor, University of Maryland, United States Ali Pilehvar, Student, University of Maryland, United States We report on the results of a field experiment that we ran on the auction site of one of the nation’s largest online auction wholesale liquidation sites. Our empirical analysis of the data indicates that the auction prices for used iPads are fairly insensitive to starting price and assortment. 060-0714 The Wisdom of Crowds: Forecasting Using Prediction Markets Ruomeng Cui, Assistant Professor, Indiana University Bloomington, United States Antonio Moreno-Garcia, Assistant Professor, Northwestern University, United States Prediction markets are virtual markets created to aggregate predictions from the crowd. We examine data from a public prediction market over 8 years. We study the efficiency of these markets to improve sales forecasting, identify experts to better extract wisdom from the crowd and analyze consequences in operations management. 060-1435 Mitigating Supplier Risks: An Experimental Evaluation Basak Kalkanci, Assistant Professor, Georgia Institute of Technology, United States Using economic experiments, we evaluate the performance of supplier improvement versus diversification
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