Prediction Markets: Distilling Collective Wisdom
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This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.
It also examines some criticisms, failures, and deficiencies of prediction markets. The case ends with a brief discussion on the future prospects for prediction markets.
The case has the following objectives
Prediction Markets, Forecasting Tool, Collective Wisdom, Information aggregation mechanism, Decision making, SimExchange, Iowa Electronic Markets, Hollywood Stock Exchange, Probability, HP, Yahoo!
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