Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: Kansas

Enterprise Prediction Markets = The wisdom of crowds comes to the enterprise.

Here are short excerpts of the Forrester report on enterprise prediction markets and companies that provide software for enterprise prediction markets.
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The Forrester executive summary:
The “wisdom of crowds” is capturing the attention of corporate strategists across the globe, and, as a result, many are now looking to prediction markets — speculative markets in which traders collectively [...]

The best researchers on prediction markets

CFM: Scholars
Check that CFM page for updates. And contact me so I can make additions to the list. (I’ll then re-publish that updated list on Midas Oracle.)
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Michael Abramowicz – Michael B. Abramowicz – (Law School, George Washington University, Washington, D.C., U.S.A.) — Post Archives at Midas Oracle
Bernd H. Ankenbrand – Bernd Ankenbrand – (Lecturer, Witten/Herdecke [...]

Where to find advice on how to set up your enterprise prediction markets

Consultants
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Inkling – URL: Inkling Markets – (Chicago, Illinois, U.S.A.)

Adam Siegel — Post Archives at Midas Oracle
Nathan Kontny

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NewsFutures – (Maryland, U.S.A. & Paris, France, E.U.)

Emile Servan-Schreiber — Post Archives at Midas Oracle
Maurice Balick

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Xpree – (U.S.A.)

Mat Fogarty — Post Archives at Midas Oracle

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HP Services – HP Labs – (U.S.A.)

Predicting the future –with games — Introductory article
Information Dynamics [...]

Professor Koleman Strumpf explains the prediction markets to the countryland people.

Ah, Kansas… Barbecues, pickup trucks, rednecks, country music, and… the local FOX News.
Despite that one blip on the radar [New Hampshire], Strumpf said futures are still the best way to predict the way things will go from here.
Spot the SIDEBAR (which is not located on the sidebar, actually), and click on the little square, just [...]

Professor Koleman Strumpf tells CNN that a prediction market, by essence, can’t predict an upset.

CNN:
FOREMAN: I’ve got something I want you to take a look at. Look at this. It could be the price of a stock or a mutual fund. It isn’t. It’s the odds that a particular candidate, the red here is Hillary Clinton, who will become president of the United States. It’s called the predictive market. [...]

Is it good to have a prediction market melting pot of academics and businesses?

The Journal of Prediction Markets:
The Journal of Prediction Markets
Editor:
Leighton Vaughan Williams
Associate Editors:
John Delaney – CEO InTrade
Bruno Deschamps – University of Bath
Olivier Gergaud – Université de Reims Champagne-Ardennes
Robin Hanson – George Mason University
Charles Noussair – Emory University
Marco Ottaviani – Ex-London Business School
David Paton – Nottingham University Business School
Paul Rhode – University of Arizona
Emile Servan-Schreiber – CEO [...]

If there is one event to attend in 2007, the Koleman Strumpf conference on prediction markets is the one.

I’ve been thinking a bit about the different upcoming conferences on prediction markets, and it seems to me that the Koleman Strumpf conference stands out of the pack, because of its format. It casts, in a series of 4 successive panels, one company manager against one scholar (called here “discussant”). That is a great idea. [...]

Upcoming Events


Consensus Point’s conference on prediction markets – @ New York City, New York, U.S.A. – 2007-09-24
What Have We Learned from Market Design? – @ Yahoo! Research Silicon Valley, Santa Clara, California, U.S.A. – 2007-10-15
Koleman Strumpf’s conference on prediction markets – @ Kansas City, Kansas, U.S.A. – 2007-11-01
Money Tech conference = Technology and Money, Asset Management [...]

Secrets of an Inkling Top Trader: Spotting Riskless Arbitrage Opportunities

The following is a lightly edited version of an item initially posted on my blog at Knowledge Problem: Secrets of an Inkling Top Trader: Spotting Riskless Arbitrage Opportunities:
As mentioned previously at the Knowledge Problem, Inkling offers a public play-money prediction market. I stumbled across them a year or so ago, and because I’m interested in [...]

Why is it that Prawf Koleman Strumpf of the University of Kansas is so enamored with Rite-Solutions’ Innovation Engine???

… is… The Question Of The Day.

Koleman Strumpf:
[...] Rite-Solutions [...] runs an innovative ideas market (and I explicitly use this term since it is not a prediction market –they are trying to come up with ideas the firm may want to pursue).


New York Times – Here’s an Idea: Let Everyone Have Ideas
At Rite-Solutions, the architecture [...]

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