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Teaching Strategies and Effective Emerging Techniques in Distance Education David L. Passmore Director, Institute for Research in Training & Development Professor of Education & Operations Research Penn State University dlp@psu.edu — 814.863.2583 Carlisle Barracks 31 October 2006
Discuss with you… ,[object Object],[object Object]
OPPORTUNITY
Two little words for you… ,[object Object]
Collective intelligence… ,[object Object],[object Object],[object Object]
Wisdom in the “Wisdom of Crowds”… Why the Many Are  Smarter Than the Few  and How Collective Wisdom Shapes Business, Economies, Societies and Nations
Wisdom in the “Wisdom of Crowds”… Aggregation of information in groups often results in better decisions than could be made by any single person
Wisdom in the “Wisdom of Crowds”… ,[object Object],[object Object],Francis Galton
What we learned…
OPPORTUNITY
Web 2.0… ,[object Object],[object Object],[object Object],[object Object]
Web 2.0 example—Google docs
Web 2.0 example—blogs
OPPORTUNITY
Information futures markets
An information futures market:  Newsfutures … http://us.newsfutures.com
A  NewsFutures  market:   IRANBOOM…
IRANBOOM price-volume  history…
IRANBOOM price-volume  history… Contract Payoff  =  $100 if event happens, nothing otherwise Contract Price  = estimated probability of event
How an information market works… ,[object Object],[object Object],[object Object],[object Object],[object Object]
A  NewsFutures  market: Outcome of Super Bowl…
Price/volume plot history…
Price/volume plot history…
Price/volume plot history…
Price/volume plot history…
Closing details…
Penn State Idea Futures Market…
What about you?
Find these slides… http://www.ed.psu.edu/dlp/army31oct06/ available 1 November
Teaching Strategies and Effective Emerging Techniques in Distance Education David L. Passmore Director, Institute for Research in Training & Development Professor of Education & Operations Research Penn State University dlp@psu.edu — 814.863.2583 Carlisle Barracks 31 October 2006

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