Hightech industries for an innovative economy: Expert opinions

Investment in Hightech Industries An example from the LCD industry

In this paper we study investments of firms in hightech industries. Typical examples are producers of consumer electronic products such as dvd players, LCD television sets, digital photo cameras, and mobile phones. There are two important characteristics in these markets. The first is (sharply) decreasing sales prices and the second is decreasing production costs. The introduction of new techno...

The Future Singapore Economy: An Innovative Economy

An Ensemble Approach to Combining Expert Opinions

This paper introduces a new classification problem in the context of human computation. Given training data annotated by m human experts s.t. for each training instance the true class is provided, the task is to estimate the true class of a new test instance. To solve the problem we propose to apply a wellknown ensemble approach, namely the stacked-generalization approach. The key idea is to vi...

Aggregation of expert opinions

Con icts of interest arise between a decision maker and agents who have information pertinent to the problem because of di erences in their preferences over outcomes. We investigate how the decision maker can extract the information by distorting the decisions that will be taken. We show that only slight distortions will be necessary when agents' signals are sufciently accurate or when the numb...

Expert opinions: Current pricing and revenue management practice across U.S. industries