---------- Forwarded message ----------
From: S
Date: Sat, Apr 23, 2011 at 6:11 PM
Subject: Wiktive market: instead of stocks, participants trade ideas
To: 


"Essentially, a Wiktive market functions like a simplified stock market except, instead of stocks, participants trade ideas.  The “owner” of the market (a business, an academic institution, what have you) poses a question to the members of the market—a group of thought leaders hand-selected to participate.  Then the idea generation (the wiki aspect) and the subsequent trading of these ideas (the predictive market aspect) begin.  Any member of the market can generate a solution to the question posed; these ideas are then traded, like stock, within the market.  Each participant is given a set amount of virtual money that can be used to buy ideas and all participants have the power to both contribute ideas and to trade other people’s ideas.  You “win” by having the “best” portfolio of ideas (conceptualized as those trading at the highest price)."