During the class, Adam Siegel, the founder of Inkling Markets, a prediction markets consulting firm, spoke about his experiences. Of the benefits, he said that prediction markets bring clarity around information, prevent political fudging and backstabbing regarding information. Nobody is the whistleblower for challenging optimistic assumptions, rather, “-it’-s the market.”- […]
Given that many executives and managers want to hide their poor performance, I asked Adam about who typically approaches his firm. He responded that he is usually approached by either third parties who have no P&-L responsibility, such as strategic planning groups, or forward thinking managers who are sick of bad forecasts being submitted. […]
Read Adam Siegel’-s post about his intervention.