Google Putting Crowd Wisdom to Work

Posted by CmdrTaco on Thursday September 22, 2005 @01:34AM from the just-don't-start-a-stampede dept.

daveperry writes "The Google Blog has a post about their use of prediction markets to forecast certain events that are relevant to their business. From the article: "Our search engine works well because it aggregates information dispersed across the web, and our internal predictive markets are based on the same principle: Googlers from across the company contribute knowledge and opinions which are aggregated into a forecast by the market. Sometimes, just feeling lucky isn't enough, and these tools can help." In related news, some software was recently open sourced that enables people to set up their own prediction markets."

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Re:I predict... by CreatureComfort · 2005-09-22 02:14 · Score: 0, Offtopic

Some mod has a sense of humor. Redundant mod on a post about dupes...hehe.

Ignore me, I'm just trolling for an off-topic mod.

--
"Unheard of means only it's undreamed of yet,
Impossible means not yet done." ~~ Julia Ecklar
It will be a mistake if MS bought AOL now. by managedcode · 2005-09-22 02:22 · Score: 0, Offtopic

MS has totally different work culture. Trust me moving MSN into Products and Platforms means, they are now under direct supervision of Bill. MS has aggressive work culture while AOL is packed with laid-back typical corporate Americans. Bill will first fire ballmer if he bought AOL or they will buy AOL minus it's lousy employees.