March 23–25 • Chicago, Illinois

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Prediction Markets for Emerging Technology: Reports from an Experiment in the Wisdom of Crowds

Session Details

Tuesday, March 24, 2009
1:30 p.m. - 2:30 p.m.
Empire/Seventh Floor

Session Type: Poster Session
Content Level: Introductory
Focus Area: Evolving Role of IT and Leadership

Speaker(s)

Bryan Alexander, Director for Research, National Institute for Technology in Liberal Education

Abstract

This session will describe the NITLE prediction markets, a web game for understanding emerging trends in teaching with technology. We will address the project's structure and development, from pilot to public beta. We will show what we've learned about emerging technologies via the wisdom of crowds, tracking the market results against user expectation and concurrent events. We will outline the contours of participation from hundreds of international users across dozens of institutions. We will explore general and campus-specific instances of the markets, then conclude on emerging trends through 2009 concerning gaming, sustainability, informed strategic decision making, and distributed intelligence.

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