Oracles: How Prediction Markets Turn Employees into Visionaries

By Donald N. Thompson.

Oracles: How Prediction Markets Turn Employees into Visionaries

Description

Why Prediction Markets Are Good for BusinessFrom selecting the lead actress in a Broadway musical, to predicting a crucial delay in the delivery of Boeing’s 787 Dreamliner months before the CEO knew about it, to accurately forecasting US presidential elections—prediction markets have realized some amazing successes by aggregating the wisdom of crowds.Until now, the potential for this unique approach has remained merely an interesting curiosity. But a handful of innovative organizations—GE, Google, Motorola, Microsoft, Eli Lily, even the CIA—has successfully tapped employee insights to...

ISBN(s)

1422183173, 9781422183175

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