For your last blog post, please discuss one of the business models you found interesting form this week’s presentations of our final projects.  Please do not discuss your own proposed business model.  Highlight the strengths of the business model and provide some suggestions for improvement.

Prediction markets are only effective if a lot of people participate.  What are the best ways to encourage more traders and trading within internal company prediction markets?


If you’re not familiar with prediction markets yet, read the NYT article in the syllabus, check out the Wikipedia page, and I highly recommend experimenting with some prediction market trading before class.  You can trade futures and options on movies and Hollywood stars for free on the Hollywood Stock Exchange (HSX) or vote to predict political events on Intrade.net.

What are the similarities and differences between a community-driven product development process and a traditional product development process within a firm?