Tag Archives: Andrew McAfee

Andrew McAfee’s anecdote on enterprise prediction markets is a load of bullsh*t.

Paul Hewitt: I’m curious why Andrew McAfee would cite this example in support of prediction markets. Though he mentions that his executive students had conducted a “simple poll”, in fact, they really created a pari-mutuel market, which provided the “risk … Continue reading

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Andrew McAfee wanna share an anecdote about EPMs with you.

I am curious about what Paul Hewitt will think of this.

Posted in Cases, Exchanges & Markets | Tagged , , | 1 Comment

Surprise, Surprise: Andrew McAfee is pulling for CrowdCast.

He loves it. [Disclosure: He is on the CowdCast board. ] Andrew McAfee asks a question at the bottom of his post. Here is my answer. The reason for not adopting collective forecasting (prediction markets being the most complex method … Continue reading

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Prof Andrew McAfee steals predictive info from NewsFutures, and beats his students with it.

Andrew McAfee: Two questions to wind up this post. First, how could I have made better use of crowd wisdom and other available information to make better March Madness picks? And do you have any tips on how to be … Continue reading

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“Enterprise 2.0 is the use of emergent social software platforms within companies, or between companies and their partners or customers.”

Andrew McAfee PS: Prediction markets are included in the mix —along with wikis, blogs, social networking software, RSS, links, search, and tags. -

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Prediction Markets at Google — by Peter A. Coles, Karim R. Lakhani, Andrew McAfee

Alas, that paper is not free to access. Andrew McAfee’s post reveals this: Prediction markets were (sic) very much like stock markets. They contained securities, each of which had a price. [...] – Not sure why they used the past … Continue reading

Posted in Analysis (Meta), Cases, Collective Intelligence - Wisdom Of Crowds | Tagged , , , , , , , , , , , , , , , , | 2 Comments

Enterprise prediction markets now part of Harvard MBA.

Managing in the Information Age – (Spot the Google mention.) – A course by Andrew McAfee Via our good friend George Tziralis of AskMarkets

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I can’t think of a single reason not to deploy enterprise prediction markets.

… said [*] Harvard Business School Associate Professor Andrew McAfee. [*] Original verbatim is this: I can’t think of a single reason not to deploy predictive markets. Any market is somewhat “predictive”. Our prediction markets are specially designed for easy … Continue reading

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