Thomas Malone is a smart man, and his institution is a great idea. But I can’-t stand that:
Solving Climate Change with CrowdSourcing
I am fed up with the academics who are overselling the wisdom of crowds. Enough already.
Midas Oracle.ORG – Predictions & Innovation
Prediction Markets, Collective Intelligence, Innovation and Growth
This concept seems to be more like an electronic suggestion box, not unlike those being tried in a variety of enterprises. If we keep in mind that they are not prediction markets, but rather examples of collective intelligence, I don’t see the harm.
Now, if someone was running a prediction market to forecast actual climate change, that would be ridiculous.