Tag Archives: corporate prediction markets

Technology Review publishes an uncritical article on collective forecasting used in business. – {CrowdCast}

How Bets Among Employees Can Guide a Company’s Future – Internal prediction markets enable colleagues to wager on the fate of crucial projects and the success of products in the pipeline. – Technology Review

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If prediction markets are such a powerful tool, then why aren’t we able to use them to solve [INSERT YOUR FAVORITE WORLD PROBLEM HERE]?

Justin Wolfers is asked the question, but I would have a different answer than his. The reason prediction markets are not widely used in business is that their many boosters (Robin Hanson, James Surowiecki, Justin Wolfers, etc.) have exaggerated their … Continue reading

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MAT FOGARTY FOR PRESIDENT

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CrowdCast + SAP

Business Objects + Prediction Markets

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Hyping enterprise prediction markets in Mashable

Matt Fogarty of CrowdCast: Business leaders rely on metrics and data to inform decisions around new products and opportunities, but traditional forecasting methods suffer from bias and lack of first-hand information. That’s why business forecasting is an ideal target for … Continue reading

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CrowdCast is an enterprise software platform that helps companies make better forecasts by tapping the knowledge stored in their employees.

Interview Download this post to watch the video —if your feed reader does not show it to you.

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CrowdCast CEO Mat Fogarty on how his company is helping businesses make better-informed decisions [VIDEO]

Good questions, good answers: Watch the latest business video at video.foxbusiness.com Download this post to watch the video —if your feed reader does not show it to you. External Links: – CrowdCast – CFO Prediction Market – Matt Fogarty’s twitter … Continue reading

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Common pitfalls of enterprise prediction markets: participants who lack relevant information, too few participants, and too little trading.

GOAL: “Prediction markets seek information aggregation from a large group of diverse individuals by encouraging active participation.“ REALITY CHECK: “The biggest challenge is getting people in the company to be active” [].

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Implementing a prediction market within a company means changing the way information flows by widening the people in the know and accepting to be occasionally second-guessed by the market.

“Some corporate cultures aren’t ready to accept that yet.”

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Any sane boss should fire an employee who is betting at work.

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