from DSSResources.com

DSS News
D. J. Power, Editor
April 29, 2012             Vol. 13, No. 9


In this issue

1) Can computerized decision support reduce information asymmetry?
2) Recent DSS News Headlines
3) Upcoming DSS Conferences/Call for Papers


1) Can computerized decision support reduce information asymmetry?

by Dan Power
Editor, DSSResources.com


In multiparty decision situations, one party often has better information than another. These situations commonly involve a purchase/sales transaction or a principal agent situation where a person acts on behalf of another and the principal attempts to monitor and control the agent. Information symmetry means all parties in a decision situation have the same information. Information asymmetry involves decisions in transactions where one party has more or better information. Providing complete information symmetry or what has been called "transparency" is probably impossible, but the goal is often to strive for transparency and information symmetry. Supposedly with the same information, the decisions of the parties will be better.
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2) Recent DSS News Headlines

04/27/2012 Leicester Tigers rugby team deploys predictive analytics from IBM to reduce injury number and severity. Check release.

04/24/2012 Velcom increases its revenue growth with Teradata Revenue Assurance Solution. Check release.

04/24/2012 Falcon Insurance selects 4Sight Business Intelligence for property and casualty. Check release.

3) Upcoming DSS Conferences/Call for Papers

1. Call for IS/T book proposals. Click here

2. DSS’2012 – 16th IFIP WG8.3 International Conference on Decision Support Systems, Anávissos, Greece, June 28-30 2012. Click here

3. 20th European Conference on Information Systems (ECIS 2012), Track: "Business Intelligence and Knowledge Management", Barcelona, Spain June 10-13, 2012. Click here

4. Call for papers: Decision models and social commerce, submission deadline July 1, 2012. Click here


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