03 Ryan Hahn at Tap the Collective

Ryan Hahn of the World Bank, then discussed the use of prediction markets at the Bank. He cited the challenge of seeking to make predictions on future occurrences when the organization making those evaluations actually has the power to make the prediction a reality if the results were leaked. He learned this lesson the hard way, asking this question of the market : "Will X country default in the next year?" which nearly got the entire project shut down by the corporate communications team. While the prediction market experiment has seen notable accuracy, the challenge remains to convince senior leadership to act upon its results.

Category:

Education

Tags:

• #taptc
• inkling
• transcapitalist
• tapthecollective
• gov20
• e20
• ryanhahn
• worldbank
• imf

[ChaosTFox]

lol, we both have the same first & last name O_O