Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: project management

Using prediction markets to support IT project management

Via AS
Using prediction markets to support IT project management

Should Midas Oracle adopt this process for its next open project?

Prediction markets or insider trading could reveal information hidden from upper management

Larry Ribstein suggests that at least some of Boeing’s troubles with the 787 might have been avoided if either insider trading was permitted in Boeing’s stock or the company was operating internal prediction markets focused on project completion.
The quotes that Ribstein draws from the Wall Street Journal article on Boeing highlight two problems – one [...]

Here’s how businesses should use prediction markets to see what their futures may hold.

Entepreneur.com in February 2007:
[...] But [Consensus Point's David] Perry still recommends that prediction markets be used to answer high-value questions such as sales forecasts, ideal product features and future demand levels. [...]
Chris Masse recommends that prediction markets be used to answer questions where the other forecasting tools may have specific accuracy problems —e.g., the schedule [...]

Hanson’s Market Scoring Rule Explained in Five Sentences, Why Betfair Gets So Little U.S. Press Coverage, and other Half-Baked Commentary by Michael Giberson

[Chris Masse invited me to submit to an email interview. I’m responding here to Chris’s questions, rendered in italics below. I'm not sure that anyone other than Chris will be interested, and half-way through he may regret this idea himself. This piece may single handedly kill off 60 90 percent of the interest in [...]

FIRMWARE AND PREDICTION MARKETS: INKLING IS RIGHT.

THE INKLING GUYS ARE RIGHT about the future of corporate prediction markets:
We’ve always felt this how [corporate prediction markets] may evolve: Instead of [..] a standalone marketplace, we expect to be fully integrated instead with an ERP system like SAP or Oracle, CRM systems like salesforce.com, or other mission critical systems of the same ilk. [...]

Long-Term Applications Of Organizational Prediction Markets??

Jed Christiansen has another interesting blog post out.
He writes about corporate prediction markets being used for forecasting in matters of research and development (R&D), project management and product sale. Just a short thought, if I may. Prediction markets are not really the best tool for forseeing the years ahead of us —one quarter or one [...]

Search

Post Categories