I talked for seven minutes this Wednesday at “Tap The Collective“, after six other speakers also talked for seven minutes each on various forms of “collective intelligence.” I tried to put prediction markets (and similar mechanisms) in the context of other approaches by saying that other approaches often work very well when either:
What are the (practical) lower-bounds for implementing a prediction market?I've personally found that wagers significantly improve people's estimates, including my own.
What are the (practical) lower-bounds for implementing a prediction market?I've personally found that wagers significantly improve people's estimates, including my own.