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Please use this identifier to cite or link to this item: http://hdl.handle.net/10119/4147

Title: Web-Based Collective Intelligence Decision Support System for Future China's Economic Early Warning and Policy Making
Authors: Zhang, Xun
Zheng, Guihuan
Xu, Shanying
Wang, Shouyang
Keywords: economic cycle cube
collective intelligence
decision support
policy making
consensus-building
Issue Date: Nov-2007
Publisher: JAIST Press
Abstract: The high complexity of economic system makes economic policy design an exceedingly difficult decision making problem. A web-based collective intelligence decision support system which integrates wisdom from a large number of domain experts from various economic sectors or research institutes is proposed for future China's macroeconomic adjustment. The system is basically composed of two sub-systems. The first one, a multidimensional economic monitoring and early warning framework based on economic cycle cube (EC cube), covers economic monitoring and early warning sub-systems for various economic sectors. It enables users to view economy from different levels and dimensions independently, as well as to explore how the economic activities diffuse and transmit among economic sectors. The second one, a collective intelligence consensus-building tool based on repeated open survey-response, provides an environment for users to discuss and draw the final conclusions about some key economic issues, such as economic policy making. The core characteristic of the system is to utilize the great power of collective intelligence. Domain experts are responsible for the construction and maintenance of single early warning sub-systems for their sectors. Their easy accessibilities to sector-related economic data and abundant background knowledge make this easy to complete and ensure the reliability of the monitoring results. In addition, they also join in the consensus-building process. The final suggestions for economy generated by collective intelligence of experts provide powerful support for economic policy making.
Description: The original publication is available at JAIST Press http://www.jaist.ac.jp/library/jaist-press/index.html
Proceedings of KSS'2007 : The Eighth International Symposium on Knowledge and Systems Sciences : November 5-7, 2007, [Ishikawa High-Tech Conference Center, Nomi, Ishikawa, JAPAN]
Organized by: Japan Advanced Institute of Science and Technology
Language: ENG
URI: http://hdl.handle.net/10119/4147
ISBN: 9784903092072
Appears in Collections:KSS'2007

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