Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

The Institute for the Future’s Anthony Townsend on internal prediction markets

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From his Confab notes:

I was both buoyed and dismayed by what I learned at this event. Buoyed by how much potential there is in prediction markets for improving decision-making and forecasting. Dismayed by how shallow the body of knowledge is on how to make them work well, and how to make them work well inside large organizations.

Still true, four months later. :(

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