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The 9th Asia Pacific Knowledge Management Conference – Preparing for the Future – Intelligence Gathering and Sense-making – (PDF file) – @ Bloomberg Auditorium, Cheung Kong Center, Hong Kong – 2007-11-28~29
1215-1300 Session 4: Keynote
Prediction Markets: How can they be used in Organisations?
Also known as information markets, decision markets, idea futures, event derivatives and virtual markets, prediction markets are speculative markets created for the purpose of making predictions. Prediction markets were championed in James Surowiecki’s 2004 book The Wisdom of Crowds. Prediction markets are speculated to be useful decision support tools for corporations. Who uses prediction markets? Companies use prediction markets to tap internal, future-focused knowledge. Microsoft, Google, Yahoo!, Ely Lily, HP and other top, knowledge-based leaders are achieving fundamental advancements for knowledge-based business with these potent market technologies.
Emile Servan-Schreiber, CEO Newsfutures, Paris
1445-1800 Session 5: Workshop
A real-time Prediction Market: The Future of the HK Property Market
Emile Servan-Schreiber, Dr. Christian Wagner, Dr. Charles Leung, Prof. Kenneth Chan, City University, Hong Kong
All conference participants are invited to join a prediction market to gain first hand experience. To prepare for the hands-on session, participants will first learn about mechanics of prediction markets, then receive an overview of the Hong Kong property market and its outlook, and then make their own predictions and see their effects in an online information market, operated by Newsfutures.com.
