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Hot Issue: Shopper Behavior

9/26/07
Prediction Markets Foretell Online Trends

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A retail-industry think tank at the University of California, Riverside, has launched a new website that relies on "prediction markets" to foretell online sales and other internet-related trends, such as which e-commerce sites will likely survive. What do you think of the value of prediction markets around consumer research? In what ways might they be better than traditional consumer surveys?

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