Prediction Market Outputs: Odds & Ends

If you survey the prediction market landscape, you’ll notice that the outputs that PM’s provide fall into one of two categories:  odds & ends. By “odds” I’m referring to the … Read More

Crowdsourcing vs. Crowdassessing

Prospective clients interested in our iCE prediction market technology often ask whether it’s a crowdsourcing tool.  My standard answer is “kinda.”   The term crowdsourcing is defined on Wikipedia as: … Read More

The Expert Magnet

The Woodrow Wilson Center’s Science and Technology Innovation Program (STIP) recently announced that they’re creating a prediction market to forecast future events of interest to the scientists, such as who will … Read More

How Prediction Markets Can Save Lives

I’m a TED Talk junkie.  In case you’re not familiar with TED, it’s an annual event composed of 5-15 minute “talks” by some of the world’s leading thinkers.  Notable past TED … Read More

Wisdom of Crowds vs. Egos of Bosses

In his ground-breaking book The Wisdom of Crowds, author James Surowiecki cites some pretty compelling evidence that crowds are usually wiser than individuals.  Even the smartest individuals amongst us.  He … Read More