Common pitfalls of enterprise prediction markets: participants who lack relevant information, too few participants, and too little trading.

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GOAL:

&#8220-Prediction markets seek information aggregation from a large group of diverse individuals by encouraging active participation.&#8220-

REALITY CHECK:

&#8220-The biggest challenge is getting people in the company to be active&#8221- [].

Midas Oracle thanks these guys for participating (by publishing posts and/or comments) in our ongoing discussion about the social utility of the prediction markets.

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Tom W. Bell – Tom Bell – Post Archive at Midas Oracle – (Post Feed) – Professor – Law (Chapman University) – Blog: Agoraphilia – California, U.S.A.

Caveat Bettor [pseudonym] – Post Archive at Midas Oracle – (Post Feed) – Event Derivative Trader – Blog: Caveat Bettor – North America

Bo CowgillPost Archive at Midas Oracle – (Post Feed) – Quantitative Marketing Manager – Google – Blog: Bo Cowgill – California, U.S.A.

Nigel EcclesPost Archive at Midas Oracle – (Post Feed) – CEO – HubDub – Blog: HubDub – Scotland, United Kingdom, E.U.

Michael Giberson – Mike Giberson – Post Archive at Midas Oracle – (Post Feed) – Energy Economist (Center for Energy Commerce, Rawls College of Business, Texas Tech University) – Site: Michael Giberson – Blog: Knowledge Problem – Texas, U.S.A.

Robin HansonPost Archive at Midas Oracle – (Post Feed) – Professor – Economics (George Mason University) – Blogs: Overcoming Bias – Virginia, U.S.A.

Chris HibbertPost Archive at Midas Oracle – (Post Feed) – Software Architect (Zocalo) – Site: My Druthers – Blog: PanCrit – California, U.S.A.

Alex KirtlandPost Archive at Midas Oracle – (Post Feed) – Internet Usability Expert – Blog: Usable Markets – New York, U.S.A.

Mike LinksvayerPost Archive at Midas Oracle – (Post Feed) – Vice-President of Creative Commons – Blog: Mike Linksvayer – California, U.S.A.

David PennockPost Archive at Midas Oracle – (Post Feed) – Principal Research Scientist at Yahoo! – Yahoo! Research – Blog: Odd Head – New York, U.S.A.

Jason RuspiniPost Archive at Midas Oracle – (Post Feed) – Financial Research Analyst, Vice President at Conquest Capital Group – Blog: Risk Markets &amp- Politics – New York, U.S.A.

Emile Servan-SchreiberPost Archive at Midas Oracle – (Post Feed) – CEO – NewsFutures – Blog: NewsFutures – Maryland, U.S.A. &amp- France, E.U.

Adam SiegelPost Archive at Midas Oracle – (Post Feed) – CEO – Inkling Markets – Illinois, U.S.A.

Koleman StrumpfPost Archive at Midas Oracle – (Post Feed) – Professor – Economics (University of Kansas) – Kansas, U.S.A.

George TziralisPost Archive at Midas Oracle – (Post Feed) – Doctoral Researcher – National Technical University of Athens – George Tziralis&#8217-s Home Page – Site: Ask Markets – Greece, E.U.

Eric ZitzewitzPost Archive at Midas Oracle – (Post Feed) – Professor – Economics (Dartmouth College) – Site: Zitzewitz.net – California, U.S.A.

Pssttt&#8230- Let me know if I should make a change in a label, or add a link, or else.

Harvard fella says prediction markets are doomed.

No GravatarHe bases his brilliant reasoning on &#8220-rumors&#8221- and total ignorance of the participation inequality law.

Another academic fella who would be better off researching his topic before blogging on something he does not master.

Previous blog posts by Chris F. Masse:

  • Inkling Markets bring in awards, honors, advisors, and new clients —leaving competition in the dust.
  • No need of enterprise prediction markets to boost intra-corporation communication
  • Inkling Markets is included in the 2008 list of “Cool Vendors” by Gartner.
  • BetFair-TradeFair has won its second Queen’s Award for Enterprise in its eight-year history.
  • Inkling Markets is one of the “Hot Companies To Watch In 2008”, according to Forrester.
  • Plenty of great news coming from Inkling Markets in the coming weeks
  • ??? charity-driven prediction markets OR social issue prediction markets ???

CALL TO ALL PREDICTION MARKET SCHOLARS

THE MIDAS ORACLE READERS WOULD BE HIGHLY INTERESTED IN ANY BLOG POST POINTING TO ANY BRAND-NEW PREDICTION MARKET PAPER.

Feel free to write any blog post linking to a brand-new paper. No need to write a novel-long text &#8212-5 sentences and a link is more than enough. Takes less than 5 minutes to write a short blog post, and you will be seen by millions (if not billions) of prediction market-thirsty readers.

Thanks. Appreciated. Will make up to you.

Psstt&#8230- If you are an old schmuck, have lost your Midas Oracle .ORG login or password, or don&#8217-t have the first clue about how to blog, contact me privately and I&#8217-ll help you.

Psstt&#8230- There are some decerebrated idiots (like John &#8220-phoney&#8221- Baloney and some of the rascals who give him 2,500 bucks per speaker seat) who criticize me behind my back as being too focused on some areas and not others. MIDAS ORACLE .ORG is actually a user-created publication, so if somebody thinks that one sub-field is not covered, it&#8217-s up to him/her to write something on it. I have only ten fingers- I&#8217-m doing all I can. I have empowered 90 blog authors, in all &#8212-the workload should be shared among many shoulders, not just mine. The champ des possibles has been defined quite broadly &#8212-we are about prediction markets, but we are interested in all peripheral matters, and God knows it&#8217-s quite a huge understatement. As I said, every aspect of life could be turned into an event derivative, and the prediction markets can excite our curiosity on science, technology, technology business, geo-political matters, economic and finance stuff, legal news, major sports events, etc.

The e-mail interview with Ken Kittlitz is being downloaded like crazy &#8212-we will repeat the operation with other consenting victims. With always the same purpose in mind: getting to the truth, real quick. Which means pissing off two or three decerebrated idiots in the process &#8212-I take it as a badge of honor.

&#8212-

one-trick pony

Read the last blog posts by Chris Masse: