Yet another prediction market newbie who should be meeting with Robin Hanson one on one to get a little injection about conditional prediction markets and how they could be useful for BOTH private decision makers AND public policy makers.

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Lewis Sheperd (the Chief Technology Officer of Microsoft’s Institute for Advanced Technology in Governments):

Indeed, it appears to me that [prediction markets] are growing not from corporate or government use, but mostly organically from within academia, stock-futures circles and political-junkie communities. I&#8217-m reading the interesting variety of writers and prediction-marketeers at Midas Oracle, which brings together widely ranging posts from faculty members at Harvard and other universities, daytraders, and even a few “amateurs.”

Lewis Sheperd notes in his post that a number of for-profit companies (like Google and General Electric) are using private prediction markets (a.k.a. enterprise prediction markets). Non-for-profit organizations (like governmental agencies) would do great, too, using the same forecasting tool &#8212-an &#8220-information aggregation mechanism&#8221- (IAM), more exactly.

Robin Hanson, instead of boring us with philosophy, go evangelizing that newbie.

UPDATE: Yes, he is willing to learn. :-D See his comment.