A University of Limerick-led project which uses prediction markets to simulate decision-making scenarios in business has won the 2013 Jennifer Burke Award for Innovation in Teaching and Learning awarded by the Irish Learning Technology Association.
The winning innovation, ‘Using Prediction Markets to Enable Active Learning’ involves the use of prediction markets to create decision scenarios based on real world events. This helps students to develop their decision making and information literacy skills in situations which mimic those they will face in their careers. The innovation has already been used successfully across a range of disciplines including risk management, tax and finance.
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