Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: General Motors

Cash For Clunkers: US taxpayers paid $24,000 per car

Cash For Clunkers: US taxpayers paid $24,000 per car.
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The truth about CrowdClarity’s extraordinary predictive power (which impresses Jed Christiansen so much)

Paul Hewitt:
At first blush, it appears that we finally have a bona fide prediction market success! If we’re going to celebrate, I’d suggest Prosecco, not Champagne, however.
There are a number of reasons to be cautious. These represent only a couple of markets. We don’t know why Urban Science people appear to be [...]

Finally, a positive corporate prediction market case study… —well, according to Jed Christiansen

Jed Christiansen:
To recap, the prediction market beat the official GM forecast (made at the beginning of the month) easily, which isn’t hugely surprising considering the myopic nature of internal forecasting. But the prediction market also beat the Edmunds.com forecast. This is particularly interesting, as Edmunds would have had the opportunity to review almost the entire [...]

WordPress, you’re simply the best.

The IT guy in charge of one of the General Motors sites:
I’m the lead developer for the blog.gmnext.com. When we looked to select the best blogging system out there we went through several both closed-source (cheap to fairly expensive) blogging tools to all the open source variety. We ended up choosing WordPress not because of [...]

Toyota plans to sell 10.4 million vehicles globally in 2009, another sign of the Japanese automaker’s momentum toward displacing the industry kingpin, General Motors.

New York Times
That would make an interesting public prediction market. Any taker??

Robert Scoble on the merits of corporate bloggers

Robert Scoble in the New York Times:
[...] Robert Scoble, whose Scobleizer technology blog is among the most well-known, said that more people — including those at the top — were blogging as part of their jobs with major corporations, from I.B.M. to General Motors to Southwest Airlines. “There certainly are more and more people who [...]

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