Category Archives: Why the Water Industry

Prediction Markets I: Why Prediction Markets for the Water Industry

Water resource managers, planners, investors and other interested parties must make decisions in the face of uncertainty about a variety of factors.  How many times has a professional been in a meeting where a critical future factor was unknown and the discussion was basically an exchange of unsubstantiated opinion?  Would a credible quantification of the likelihood and consequence of the impact of future events facilitate better, faster and cheaper planning and decision-making? Continue reading