Prediction Markets

Presenters

Matthew Comstock
Associate Director of Financial Services
Medical School Administration

Tony Tsai
Staff Specialist Hlth and Adjunct Lecturer in Business
Stephen M Ross School of Business

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Presentation PowerPoint

Prediction Markets are an inexpensive, but reliable, replacement to traditional customer surveys and pooled expert opinion. Structured as betting exchanges, this market mechanism gives a quick read of an organization's situation at any given time. Leading companies are introducing the market-based BI systems to help with organizational decision-making.

Matthew Comstock and Tony Tsai presented:

• Prediction markets from a theoretical and practical perspective.
• Lessons learned from the U-M Health System pilot of markets dealing with operational performance.

Continue the discussion about Prediction Markets on the BI Wiki. If you are interested in helping to lead the continued discussions around this topic, contact bi.inform@umich.edu.