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	<title>Midas Oracle .ORG &#187; private prediction exchanges</title>
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		<title>Zocalo in use at MIT&#8217;s Center for Collective Intelligence</title>
		<link>http://www.midasoracle.org/2008/08/29/zocalo-in-use-at-mits-center-for-collective-intelligence/</link>
		<comments>http://www.midasoracle.org/2008/08/29/zocalo-in-use-at-mits-center-for-collective-intelligence/#comments</comments>
		<pubDate>Sat, 30 Aug 2008 01:44:56 +0000</pubDate>
		<dc:creator>Chris Hibbert</dc:creator>
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		<description><![CDATA[A few months ago I announced that my work on the Zocalo open source Prediction Market project is being supported by consulting contracts with two universities, but was unable to name the second one. I&#8217;m pleased to publicly announce that &#8230; <a href="http://www.midasoracle.org/2008/08/29/zocalo-in-use-at-mits-center-for-collective-intelligence/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>A few months ago <a href="http://www.midasoracle.org/2008/05/02/zocalo-news/">I announced</a> that my work on the <a href="http://zocalo.sourceforge.net">Zocalo open source Prediction Market</a> project  is being supported by consulting contracts with two universities, but was unable to name the second one.  I&#8217;m pleased to publicly announce that I&#8217;ve been working with Tom Malone of MIT&#8217;s <a href="http://cci.mit.edu/">Center for Collective Intelligence</a>.  Tom has been working in market-based systems for <a href="http://ccs.mit.edu/malone/publications.html">quite some time</a>, going back to an agoric task-scheduling system called Enterprise that he described in Bernardo Huberman&#8217;s &#8220;Ecology of Computation&#8221;.  He&#8217;s been promoting prediction markets for several years as well, including in his book <a href="http://books.google.com/books?hl=en&amp;id=WZL9LuUZgYUC">The Future of Work</a>.</p>
<p><strong><a href="http://zocalo.sourceforge.net">Zocalo</a> is playing a key role at MIT&#8217;s <a href="http://cci.mit.edu/">Center for Collective Intelligence</a>, where they are investigating a variety of approaches to connect people and computers so thatâ€”collectivelyâ€”they act more intelligently.</strong> We&#8217;re integrating <a href="http://zocalo.svn.sourceforge.net/viewvc/zocalo/trunk/devel/src/net/commerce/zocalo/rpc/">independent agents</a> into prediction markets with human participants to see what subject areas and what market mechanisms lead to markets in which both people and autonomous software contribute to improved predictions.  The project involves <a href="http://cci.mit.edu/people/index.html">several professors from the Sloan School, the Media lab, Cognitive Science, CSAIL</a>, and a knowledgable and capable group of grad students and undergrads.  The local Boston press got wind of some of <a href="http://thephoenix.com/Boston/RecRoom/64241-Collective-effort/">the experiments</a> and wrote it up.</p>
<p>The project is <a href="http://cci.mit.edu/about/sponsors.html">sponsored</a> by <a href="http://mit.edu">MIT</a> with funding from <a href="http://www.ll.mit.edu/">Lincoln Laboratory</a> and the Air Force.  No official endorsement from those organizations should be inferred.</p>
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