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VERSION:2.0
PRODID:-//Ensemble Independent//vPim 0.360//EN
CALSCALE:Gregorian
X-WR-CALNAME:Zocalo: An Open Source Toolkit for Prediction Markets
BEGIN:VEVENT
DTSTART;VALUE=DATE:20060809
DTEND;VALUE=DATE:20060810
SUMMARY:Zocalo: An Open Source Toolkit for Prediction Markets
LOCATION:Palo Alto, California, USA
DESCRIPTION:Prediction Markets are a 15-year old idea that have been gettin
 g attention recently for their ability to provide improved and continuously
  updated forecasts. Participants back their estimates of the likelihood of 
 different outcomes with real or play money. The incentives reward honesty, 
 insight, and information sharing. The result is a projection that accounts 
 for the strengths of different opinions, and attends to contributions from 
 people whose opinions would be ignored by polls, focus groups, or official 
 forecasting departments.
\n
\nThese markets are being used in a variety of 
 contexts, including sports betting, predicting Hollywood box office returns
 , and projecting the spread of infectious diseases. 
\n
\nChris Hibbert wil
 l show that Prediction Markets would be a valuable addition to any organiza
 tion that wants to know more about what the employees are doing or what the
  customers want.
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