For aspiring practitioners and those intrigued by the applications of collective intelligence in the workplace, the typical prediction markets conference can be frustrating for lack of focus on practical knowledge and hands-on experience with the tools. That’-s why NewsFutures is organizing a Wisdom of Crowds Consulting Workshop, in New York City, on October 27.
It is designed primarily for business consultants who would like to acquire working knowledge of “-WOC”–based solutions, or for the manager looking for some hands-on experience while considering the potential of this approach for his or her company.
The one-day program will cover:
Foundations Prediction Markets and Wisdom of Crowds 101: principles, mechanisms, evidence, and applications
Applications Case studies in strategy, forecasting, innovation, and project management
Tools Hands-on experience with various wisdom-of-crowds software tools: Prediction Markets, Competitive Forecasting, Idea Pageant, and Impact Matrix
Practice Keys to a successful implementation: information, integration, inclusion, interface, and incentives
Collaboration Nuts and bolts of working with NewsFutures
If you are interested, please follow this link for more information about the venue and how to register.
I look forward to seeing you in NY, home of the world’-s financial meltdown!
Via Daniel Horowitz (Business and Technology Consultant)
Inkling Markets’- Advisory Board (curiously named “-Friends Of Inkling”-):
Bo Cowgill, Google Inc. —- Product developer, expert on decision markets for Google- creator of Google’-s prediction market and co-author of Using Prediction Markets to Track Information Flows: Evidence From Google.
George Gendron, Clark University —- Founder and director of the Innovation and Entrepreneurship Program at Clark University- former Editor-in-Chief of Inc. magazine.
Our Michael Giberson. —- His recently updated website states: *Update:* Beginning in August, 2008, Michael Giberson will be joining the faculty of the Center for Energy Commerce in the Rawls College of Business, Texas Tech University.
Bob Johansen, Institute for the Future —- Author of Get There Early: Sensing the Future to Compete in the Present and six other books- Distinguished fellow and former CEO of Institute for the Future (IFTF), a Palo Alto based think tank that does ten-year forecasting.
Jane McGonigal, PhD, renowned gaming developer —- Award-winning innovative game designer, researcher and analyst. MIT Technology Review named her as one of the top 35 innovators changing the world through technology.
Russ Roberts, management consultant and professor, Northwestern University —- A strategy and organization effectiveness consultant and professor at the Kellogg Graduate School of Management at Northwestern University.
Philip Rosedale, Linden Lab / Second Life —- Founder and chairman of Linden Lab, creator of the acclaimed 3D virtual world Second Life. In 2007, he was listed among Time Magazine’-s 100 Most Influential People in the world.
Xpree’-s Mat Fogarty (responding to Jed Christiansen, even though Jed didn’-t talk to him but to Emile Servan-Schreiber —-argh, kids, today, interrupting adults’- conversations ):
We have had success combining voting to rank the ideas, then prediction markets to analyze the potential of the top ranked ideas. The phrasing in the prediction market needs to be quite specific, if we invested in idea A, how long would it take to get to market? how much would we sell in the first year? If the company does not invest in idea A, then the money bet in the market is returned to the user.
With long development cycles this can be challenging as it requires keeping the market active until ship, or for the sales estimate, one year after ship.
Of course, you could use a preference market – but this has issues of information cascades and rewarding of group think.
Here’-s the Xpree stuff which Mat is talking about.
Previous blog posts by Chris F. Masse:
Since YooPick opened their door, Midas Oracle has been getting, daily, 2 or 3 dozens referrals from FaceBook.
US presidential hopeful John McCain hates the Midas Oracle bloggers.
If you have tried to contact Chris Masse thru the Midas Oracle Contact Form, I’m terribly sorry to inform you that your message was not delivered to the recipient.
THE CFTC’s SECRET AGENDA —UNVEILED.
“Over a ten-year period commencing on January 1, 2008, and ending on December 31, 2017, the S & P 500 will outperform a portfolio of funds of hedge funds, when performance is measured on a basis net of fees, costs and expenses.”
Meet professor Thomas W. Malone (on the right), from the MIT’s Center for Collective Intelligence.
Tom W. Bell rebuts the puritan and sterile petition organized by the American Enterprise Institute (which has on its payroll Paul Wolfowitz, the bright masterminder of the Iraq war).
Emile’-s made up a phrase that means nothing (except in his fertile imagination), “-a proprietary prediction market variant“- —-sounds like a red herring to me.
Unlike Consensus Point, Inkling Markets and Xpree, NewsFutures is the only prediction market software vendor not to have adopted Robin Hanson’-s MSR —-a simplified trading technology now in use in most enterprise prediction markets.