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Prediction Markets for Emerging Technology: An Experiment in the Wisdom of Crowds

Bryan Alexander
Director for Research
National Institute for Technology and Liberal Education (NITLE)

This session will provide an overview of the National Institute for Technology and Liberal Education (NITLE) prediction markets, a Web game for understanding emerging trends in teaching with technology. The presentation will include information about the project’s structure and development, from pilot to public beta, including lessons learned about emerging technologies via the wisdom of crowds, and tracking the market results against user expectation and concurrent events. The contours of participation of hundreds of international users across dozens of institutions will be outlined. General and campus-specific instances of the markets will be explored, with a conclusion covering emerging trends through 2009 concerning gaming, sustainability, informed strategic decision-making, and distributed intelligence.

http://markets.nitle.org/

Handout (MS Word)

Last updated:  Monday, February 25th, 2013