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Published on Mar 17, 2009
Berkeley Entrepreneurs Forum on Prediction Markets: Entrepreneurial Opportunities in Fortune Telling
Prediction markets are "smart" markets capable of accurately predicting outcomes of uncertain future events by harnessing what author James Surowiecki coined "the wisdom of crowds." Kay-Yut Chen, HP Labs; Mat Fogarty, Xpree; and Kirill Makharinsky, YouNoodle.com focus on the usefulness and accuracy of different prediction strategies - from prediction market software to experimental economics which replicates market and business scenarios in the lab. Presented by the Haas School of Business, UC Berkeley. Jerome S. Engel, Executive Director, Lester Center for Entrepreneurship and Innovation, moderates. (January 22, 2009)