Category Archives: What They Are

Prediction Markets II: What Are Prediction Markets and Why Do They Work?

My earlier post on Prediction Markets discussed why prediction markets for the water industry.  They are the next frontier in water markets—information markets to improve planning and decision-making in the face of uncertainty about legislative and regulatory actions, political change, hydrology, project operations, litigation outcomes and water prices.  Currently, discussions of the future are often little more than unsubstantiated opinion.  The water industry can do better.  Continue reading