Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: Best Buy

Do businesses need enterprise prediction markets?

Competitive advantage can be obtained either by differentiation or by low cost. Enterprise prediction markets certainly don’t foster the innovation process, and they are surely not the cheapest forecasting tool. EPMs require special software, the hiring of consultant(s), the participation of all, and a budget for the prizes. EPMs are costly, and they take time [...]

Dawn Tevekelian Keller wants to convince your boss to adopt enterprise prediction markets.

Dawn Tevekelian Keller (formerly at Best Buy) does not write for Robin Hanson et al.:
This blog is not geared toward the existing Prediction Market intelligentsia. While I would be honored to have fellow enthusiasts read and critique this blog, I’m not writing this for them, specifically.
I’m writing for a general business audience, decision makers in [...]

How Best Buy gather the collected wisdom of customers and employees to better predict future events

Is Spigit stealing the Best Buy quotes on enterprise prediction markets that does in fact belong to Consensus Point (which is the software vendor that has Best Buy as its customer)?

Look at the quote at the bottom of this webpage.
UPDATE: They have just brought the Best Buy quote down.

How Best Buy make use of their prediction market software

Here are 2 videos about how Best Buy use the “Web 2.0″ information technology (and that includes enterprise prediction markets) to further their business.
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One short video:

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One long video:

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WSJ on Best Buy’s enterprise prediction markets

WSJ on Best Buy’s enterprise prediction markets — $$$ — Use this trick to access the content.
APPENDIX: A good blog post on enterprise prediction markets

The best presentations from the world’s best conference on enterprise prediction markets —ever

Awesome slides in bold.
Brought to you by Koleman Strumpf (circa November 2007):
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Henry Berg, Microsoft <slides>
Discussant: Robin Hanson (George Mason Department of Economics) <slides>
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Christina Ann LaComb, GE (The Imagination Market; abstract is free, text is gated) <slides>
Discussant: Marco Ottaviani (Kellogg School of Management, Management and Strategy) <slides>
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Dawn Keller, Best Buy (Best Buy’s TAGTRADE Market) <slides>
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Bo [...]

The Promise Of Enterprise Prediction Markets — The McKinsey conference should have been rooted in the economic science and McKinsey should have invited economists.

McKinsey: The Promise Of Prediction Markets
James Surowiecki: The premise is that under the right circumstances, the collective judgment of a large group of people will generally provide a better picture of what the future might look like than anything one expert or even a small group of experts will come up with. [...]
James Surowiecki: The [...]

McKinsey: The Promise Of Enterprise Prediction Markets

McKinsey: The Promise Of Prediction Markets
With Bo Cowgill (Google) and James Surowiecki (The Wisdom Of Crowds).
Registration needed.
This is the transcript of the roundtable of the recent McKinsey conference at Dubai, United Arab Emirates.
I’ll excerpt this document, tomorrow. I don’t have time right now; I have to go.
You can put comments, just below, in the meantime, [...]

The New York Times article doesn’t mention Google’s enterprise prediction markets, alas. — Bo Cowgill says that the illustration published in the sidebar defines exclusively what is done at Google.

Right-click on the New York Times graphic below, open Bo Cowgill’s post in another browser tab, and read his arguments.
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Image Credit: Chris Gash for the New York Times
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Adam Siegel of Inkling Markets is also out with a post on that NYT article, but it is of no intellectual interest. Maybe Adam should blog less quickly [...]

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