Tag Archives: businesses
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 [...]
How vendors are scuttling the field of enterprise prediction markets —and the prediction market industry, as a whole
The danger of vendor conferences without any editorial line: It backfires against the whole prediction markets industry —big time.
I warned my readers many times against the vendor conferences organized by the San Francisco man. He is so desperate that he invites anybody who will pronounce the word “prediction” and “markets” in the same paragraph. Many [...]
What is a prediction market? What is the utility of enterprise prediction markets?
Consensus Point:
First, every market price is a prediction. Think of a familiar securities market such as a stock market. The price of a company’s stock is a forecast of the value of future dividend payments. A bond price is a forecast of the value of a defined set of interest payments, based on factors such [...]
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