Prediction Markets: Co-Creating An Organization’-s Future – (PDF file) – by Inside Knowledge Magazine’-s Victoria Axelrod and Jenny Ambrozek – 2008-05-10
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David Perry of Consensus Point:
Yes, markets are early warning systems for many things, they give you a sense of what your people know and do not know.
Prediction markets are not necessary if everyone has perfect knowledge- markets are designed to tell people what they do know, to be quiet when they do not
know and are designed to get around take place over time, allowing for prices to fluctuate depending on traders’ confidence.
The longer the markets run, the more informed. They are like wine, they get better with time.
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Emile Servan-Schreiber of NewsFutures is cited too.
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