Technology firms are beginning to use prediction markets as a method to save money by harnessing the collective wisdom of their employees.
At a micro-conference that Yahoo convened at its headquarters here on Wednesday evening, representatives from Google, Yahoo, Microsoft and Hewlett-Packard described their experiments with prediction markets.
The companies are using these markets to answer questions like: ‘When will this software ship? And what will memory prices be like in a few months?’
Cnet has more information on each company’s individual efforts.
Originally posted on December 15, 2006 @ 2:03 pm