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The
Information Challenge:
Every manager seeks to
aggregate the best available
information to
reduce risks and
uncertainty. However,
organizations have often
difficulties getting the
objective truth out of their
employees. Seamless flow of
accurate information often
fails despite
cross-functioning teams.
Other issues that obstruct
quality of information include
overconfidence, optimism,
external pressure,
performance quotas, pleasing
the boss, risk aversion, or
fear of being the messenger
of bad news. We believe that
Prediction Markets are the
best solution to overcome
the information challenge.
Prediction Markets:
Prediction Markets are
based on the concept that
marketplace is a better
organizer of information
than experts or pollsters.
By implanting incentives
into the process of
information collection,
Prediction Markets reflect a quantitative
measurement of the best
available organizational
knowledge. Scientists and
practitioners have
demonstrated that the
results reflect
accurate forecasts and
actionable intelligence in
real time.
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What are Prediction Markets?
It processes employee
knowledge to form a
probabilistic prediction.
The incentive structure encourages employees to
report best objective
information or risk
incentives.
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How
do Prediction Markets work?
Prediction Markets work
similarly to financial
markets where participants
risk incentives to trade
shares that reflect their
knowledge on the probability
of a future event. More
Prediction
Market Applications
Prediction Markets can
aggregate incomplete
bits of information
leading to future
events, such as corporate
forecasts, risk management
or various decision making issues. More
Our
Prediction Market Services
Texopus Predictions provides
comprehensive consulting services to
enable your organization to
plan, implement,
train, maintain and analyze
your Prediction Markets.
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