Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: electronics retailer

DAYS OF RECKONING: The New York Times is telling the business world that enterprise prediction markets are an essential management tool.

Written by Chris F. Masse on April 9, 2008 — Leave a Comment

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Via forecasting expert Mat Fogarty of Xpree (cited but not linked to, alas, in that story), the New York Times (2 pages):
“The potential is that prediction markets may be the thing that enables a big company to act more like a small, nimble company again,” said Jeffrey Severts, a vice president who oversees prediction markets [...]

Posted in Cases, Collective Intelligence - Wisdom Of Crowds, Consulting, Exchanges & Markets | Also tagged , , , , , , , , , , , , , , , ,

With a prediction market, everyone brings a small piece of information to the table, and the consensus proves surprisingly accurate.

Written by Chris F. Masse on May 25, 2007 — 5 Comments

The American: A Bettor World – Once apprenticed to a bookie, Justin Wolfers of Wharton now draws economic insight from the behavior of gamblers.
[...] Last year, for instance, the aggregate of small bettors who placed wagers on electoral results on TradeSports, a Web-based market, forecasted the outcome of every U.S. Senate race correctly. Companies like [...]

Posted in All Best Posts Ever, Analysis (Meta), Economics, Explainers | Also tagged , , , , , , , , , , , , , ,

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