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August 07, 2006
Prediction Markets Go Corporate
My colleague Rachael King has an interesting collection of stories on prediction markets in BusinessWeek Online's latest CEO Guide to Technology. Just like they sound, these are markets set up to facilitate better predictions, whether it's a presidential election or--increasingly--corporate tasks such as sales predictions. The big challenge is setting up the proper incentives--some kind of real skin in the game, especially money, is crucial--and persuading managers that maybe they aren't as all-knowing as they would like to be.
Power of Us, predictions
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I have thought a bit how prediction markets and the news media could interact on my blog in a post titled "Information Markets and the News Media". Does anyone have other suggestions?
Posted by: Steve at August 7, 2006 04:36 PM