Education via Prediction Markets?

I've been fascinated by the potential power of prediction markets and have even had some conversations at JBU about running one on our undergraduate enrollment numbers for Fall 2008. We'll see if that idea pans out. But if not, I've got other thoughts about how to run education (both the processes and various courses) using this tool.

In the meantime, here's an interesting interview on the Freakonomics blog with Mr. "Wisdom of the Crowds" - http://www.freakonomics.com/blog/2007/07/05/a-qa-with-intrades-john-delaney/. See the Intrade website (http://www.intrade.com/) or the Financial Times website (http://www.ftpredict.com/) for more information.