In-house Prediction Markets and their Extension in Czech Republic
In-house Prediction Markets and their Extension in Czech Republic

Author(s): Mikuláš Gangur
Subject(s): Business Economy / Management, ICT Information and Communications Technologies
Published by: Masarykova univerzita nakladatelství
Keywords: virtual electronic market; prediction market; Web 2.0; decision support system;
Summary/Abstract: Electronic virtual markets can serve as an alternative tool for gathering information that is spread among numerous experts. Information is basic element of decision support system as part of enterprise information system. These in-house prediction markets can be important part of business management. The contribution presents the results of research on the use of predication markets in enterprises and awareness of their potential in Czech Republic. These results are compared with the results of the global survey by McKinsey. The survey within the Czech Republic was carried out twice with a period of 4 years and the results of these surveys were compared.

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