Tech Lessons Learned from the Wisdom of Crowds

The article talks about a concept called Prediction Markets based on the wisdom of crowds. The talk about how these prediction markets are only useful when real money is at stake. Large tech companies such as Google, HP, and Yahoo are using prediction markets as way to save money, harness knowledge of regular employees and to answer simple questions such as when a specific piece of software will ship out.



http://news.cnet.com/Tech-lessons-learned-from-the-wisdom-of-crowds/2100-1014_3-6143896.html?tag=mncol