Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: Spigit

The Golden Egg

I like this picture from the Spigit site. It carries a meaning:

Spigit: Innovation software at Pfizer

Pfizer Spigit 24 Hours of Innovation Event Video from Stephen Jordan on Vimeo.

Spigit Prediction Markets

Recently, IBM launched the SmarterCities Predictive Idea Markets, powered by Spigit. The markets are set up to poll crowd sentiment on different, non-exclusive outcomes to major questions facing cities over the next 40 years.
As has been pointed out here, here and here, the SmarterCities site is not a prediction market at all. It is an [...]

Prediction markets are not beauty contests, and InTrade are not truth-oriented people.

Panos Iperotis:
[T]he “truth grounding” of prediction markets serves to avoid the self-reinforcement described above.
If a market, grounded on a real outcome, says A=90% and B=10% one day before expiration, and I believe that B is the real winner, then I will bet on B.
In this poll-like question, it makes no sense whatsoever to bet on [...]

Are IBM Smarter Cities prediction markets too smart for people?

IBM Smarter Cities prediction mechanisms
20 prediction lines
Only one socially generated prediction is over 50%.
UPDATE: The first version of this post used the term “prediction markets”, because that is how Spigit brands these mechanisms, but, on a closer look, each participant can’t choose the amount to bet/trade. –> FAIL. On top of that, their system is [...]

Spigit Idea / Prediction Market Technology

Spigit Idea / Prediction Market Technology (as sent to me by Hutch Carpenter):
Prediction Market
Spigit implements traditional prediction markets, a tool for determining likelihood of future events and trends. In this model, market creator asks a question relating to a future event and multiple mutually exclusive answers that cover all possible outcomes. The creator also sets [...]

Social networking tool Spigit goes enteprise prediction markets.

Spigit
Read & Write Web
Twitter

Is Spigit stealing the Best Buy quotes on enterprise prediction markets that does in fact belong to Consensus Point (which is the software vendor that has Best Buy as its customer)?

Look at the quote at the bottom of this webpage.
UPDATE: They have just brought the Best Buy quote down.

The spigit platform combines prediction markets, social networking, bulletin boards, a reputation system, and staffing capabilities.

Yeah, but, do they do the coffee, on top of all that?

Search

Post Categories