Google's Prediction Market 94
Googling Yourself writes "Employees at Google are encouraged to place bets on Google's prediction market — an exchange that tries to forecast events based on the money wagered on a particular outcome. Employees have made wagers with play money (Goobles, as in rubles) on questions like: will Google open a Russia office? will Apple release an Intel-based Mac? how many users will Gmail have at the end of the quarter? One tangible benefit to the company is that the market allows Google to track how information disseminates in the company. A paper called "Using Prediction Markets to Track Information Flows: Evidence From Google" discusses information flows in the company based on the prediction market data and contains many other interesting observations of Google culture. (pdf)"
I'm surprised (Score:3, Funny)
Re:I predict... (Score:2, Funny)
My Bet (Score:5, Funny)
I'm betting yes. So when do my stock options arrive?
I wonder (Score:4, Funny)
Re:I wonder (Score:1, Funny)
High Definition (Score:2, Funny)
Re:Employee Games the system (Score:4, Funny)
Maybe he just got a commendation for original thinking.
steveha