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The promise of prediction markets: A roundtable

The promise of prediction markets: A roundtable

A review of the first predictive markets used in the business world: key success factors and points to watch.

Author(s): Renée Dye

Publisher: McKinsey Quarterly

Date of publication: 2008

Read this article on the publisher's website [McKinsey Quarterly]

Synopsis

This article is one of the sources used in Manageris’ synopses:

Use collective common sense to make more accurate forecasts

Use collective common sense to make more accurate forecasts

The “wisdom of crowds” turns out to be infinitely more reliable than individual common sense, and even than expert predictions. How to gather and capitalize on employees’ collective perception of the company's challenges?
214b – Synopsis (8p.) Foresight