Chris Briem wants to use prediction markets to guide Pittsburgh's renewal, and I think that it's a great idea. Chris is starting off with contracts (registered participants "buy" and "sell" these contracts, which determines a predicted market "value"; the thicker the market -- the more people participating -- the better the prediction):
When will a casino open in Pittsburgh?Will the Penguins announce relocation on or before April 1st, 2007 (this one seems to be a non-starter, so I'm not including the link!)
The markets are online at
http://home.inklingmarkets.com/, but we need more contracts. How about:
Who will be the next Mayor of Pittsburgh?What will be Pittsburgh's next breakout technology company?When will the Steelers get back to the Super Bowl?When will Allegheny County's Latino population reach 2% of the total?Will Pittsburgh's Creative Class ever get the recognition and respect that it deserves?and, of course,
Which store -- CoCo's or Dozen -- will win the local cupcake wars?
1 comment:
http://www.cnn.com/2007/US/03/16/alaska.land.ap/index.html
Pittsburgh should try this in specific areas of the city with dwindling populations...
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