I can’t say enough good things about Steven Berlin Johnson and his outside.in project. Now you can be a lead designer there! Had I found out about this 4 months ago, I honestly may have thrown my hat in the ring. This guy is a genius and his work will shape how we use the web in the future.
Check it out.
Start watching from 11:11. He makes a lot of valid points. Learn more. Link straight to the video.
Blow up some stuffed animals here.
Engaged!, originally uploaded by victor.brunetti.
21:35: it’s bring your sons & daughters to work day.
21:43: and what does viacom have for the kids…instead of educational activities and stuff…they are in the conference room watching TRL
21:43: this company is so wrong
From Kevin LaManna @ Roundarch:
What is it?
â€œPrediction markets are speculative markets created for the purpose of making predictions. Assets are created whose final cash value is tied to a particular event (e.g., will the next US president be a Republican) or parameter (e.g., total sales next quarter). The current market prices can then be interpreted as predictions of the probability of the event or the expected value of the parameter. Prediction markets are thus structured as betting exchanges, without any risk for the bookmaker.
Other names for prediction markets include information markets, decision markets, idea futures, event derivatives, and virtual markets.
People who buy low and sell high are rewarded for improving the market prediction, while those who buy high and sell low are punished for degrading the market prediction. Evidence so far suggests that prediction markets are at least as accurate as other institutions predicting the same events with a similar pool of participants.â€
View Wikipedia Entry
What Companies Are Currently Using It?
General Electric, Best Buy. Hewlett Packard, InterContinental Hotels Group, Google, General Millsâ€¦
How Are They Using It/ How Can We Apply it?
Companies are implementing Prediction Markets toâ€¦
- Give management and people in the organization a true measurement of perception.
- Provide executive management with data from multiple sources within the organization.
- Channel new ideas from the workforce.
- Provide a collaborative means of communication.
- Facilitate predictions and forecasts of different goals, timelines, and metrics.
- Reward those with fresh ideas and accurate forecasting.
Hereâ€™s the NY Times article mentioned in the meeting (published April 9th)â€¦ Here
What Are Some Examples?
http://inklingmarkets.com/ (Enterprise platformâ€¦)
http://sourceforge.net/projects/zocalo/ (Open source platform)