Could prediction market science improve boardroom decision-making?

This article asks how groups of people make decisions about the future accurately, suggesting ways in which boardroom decisions can be improved with a little science.

Does prediction market science improve boardroom decision-making?

Jon Puleston

Here's a thought: how good are boards of directors at making predictions about the future? This is essentially their job, anticipating the future and what investments should be made as a result. But is the boardroom an effective forum to make these types of decisions? Could there be a better way?

For the past year or so we have been studying the science of prediction, trying to identify the ingredients for making effective predictions about the future. This has involved studying the effectiveness of small groups of people making different types...

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