Tue 8 Jan 2008
A Perspective on Prediction Markets from Kent's Imperative
Posted by jtmcarthur under Storage and Data Management, Technology
1 Comment
I’m a regular reader of Kent’s Imperative. I don’t know how many of you read the blog, but I found this perspective on Prediction Markets interesting. The notion of Predictions Markets has been getting a lot of attention lately. And I wonder how many of today’s startups might be considering Prediction Markets as a way to determine which way the wind is going to blow.
About two years ago, I agreed to participate in a trial of a Prediction Market in the area of storage. After a month of watching people trade on opinions, I began to wonder how they would validate the results. Turns out they validated the results from the first published report of a top market research company. (more…)