Prediction Markets (aka predictive markets or idea futures) have been accepted as an official decision making tool in some industries and a handful of leading companies (e.g., HP) are using them – in short, prediction markets harness the collective predictive instincts and provide an additional data point for decision-makers.
One such market is established for iPad sales estimates (see HubDub.com’s page for the source) – the current leading estimate is +6M sold iPad units in 2010. We should treat the numbers published carefully as only 56 folks had engaged in the prediction game.
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About HubDub.com
Hubdub is brought to you by 4 guys and a gal in a garage in Edinburgh, Scotland.
On Hubdub you stake virtual money (H$ – Hubdub dollars) on predictions about the outcomes of real news stories. If you’re right you win more, if you’re wrong you lose what you staked. The more Hubdub dollars you have, the better Hubdubber you are (shown by your star level) and the higher on the leaderboards you climb.
