|Case: Coles, Peter, Lakhani, Karim and McAfee, Andrew, “Prediction Markets at Google” Harvard Business School Case No. 9-607-088, August 20, 2007|
|Lecture handout: “Prediction Markets”, February 2016|
Here’s an introduction to prediction markets:
- Audio: “Why There Aren’t So Many Hotel Fires Anymore” Stuff You Should Know
- Consider how major hotel fires due to staff waiting to inform senior management who would make the decision about calling the fire brigade.
- Key technology = fire doors, sprinklers, and alarms that anyone can set off.
|These resources form part of my Managerial Economics course map. You can watch the full YouTube playlist here. This page ties into Chapter 4 of ‘Economics: A Complete Guide for Business‘.|