Prediction Markets

Learning Objectives: 
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‘.

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