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DecisionMarkets.com Launches Revolutionary Decision Marketplace; Website Gives Internet Users Unique Forum to Predict Industry Trends and Track Reputations.


Business Editors/High Tech Writers

SAN FRANCISCO--(BUSINESS WIRE)--May 16, 2000

Decision Markets, Inc. (www.decisionmarkets.com), a pioneer in the industry-analysis and forecasting industry launched its breakthrough Decision Markets and Reputation Mining web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term.  today. A Decision Market works by allowing anyone to buy or short-sell shares of predictions of industry trends or of outcomes of corporate decisions. This allows decision makers to see the current consensus among experts, while giving everyone an opportunity to build an objective reputation.

"This is a novel concept and we are excited to see how it will be received by the industry analysis and decision support community," said Yaroslav Yaroslav (Yaroslav the Wise) (yərəsläv`), 978–1054, grand duke of Kiev (1019–54); son of Vladimir I. Designated by his father to rule in Novgorod, he became grand duke of Kiev after defeating his older brother Sviatopolk, who  Faybishenko, CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey.  and co-founder of the company.

Industry Decision Markets

Industry Decision Markets provide industry analysts and decision-makers with a finer-grained ability to make and observe predictions than the stock market. For example, one can short-sell the Jini trend on the High-tech Industry Decision Market while going long on Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. , Inc. on Nasdaq. Corporate decision-makers can use the market price as an indication of consensus among industry experts.

Corporate Decision Markets

A corporate decision-maker can use an internal corporate decision market to see employee consensus, to let employees share knowledge, and to identify true visionaries Visionaries may refer to:
  • The Visionaries, a hip hop band from Los Angeles
  • , a 13 episode cartoon series, 6 issue comic run and a toyline from the late 1980s
  • Visionaries with Antanas Mockus, a Colombian political party
. Decision Markets effectively overrides the institutional sclerosis sclerosis /scle·ro·sis/ (-ro´sis) an induration or hardening, especially from inflammation and in diseases of the interstitial substance; applied chiefly to such hardening of the nervous system or to hardening of the blood vessels.  and rigid hierarchical A structure made up of different levels like a company organization chart. The higher levels have control or precedence over the lower levels. Hierarchical structures are a one-to-many relationship; each item having one or more items below it.  knowledge-sharing mechanisms of today's corporate world.

What's at stake? Reputation.

An employee's or an industry pundit's return-on-investment on a Decision Market can be used as an objective indicator of his or her predictive prowess PROWESS Infectious disease A clinical trial–Recombinant Human Activated Protein C [Zovant] Worldwide Evaluation in Severe Sepsis . DecisionMarkets.com provide an innovative search tool for users to find people who have good track-records predicting trends in multiple industries or in multiple categories of a corporate market. This mining information allows corporate decision-makers to identify and seek advice from those people who have the best track records for making predictions in their respective fields of expertise.

Technology

DecisionMarkets.com's highly-scalable and fault-tolerant market infrastructure, built with a secure and robust application framework, is designed to meet the scalability demands of an electronic marketplace and a top-tier Application Service Provider.

About Decision Markets, Inc.

Decision Markets, Inc. is a pioneer in web based Coming from a Web server. See Web application.  decision marketplace services. Leveraging the work of previous Open Source development efforts, Decision Markets provides a secure and massively scalable infrastructure that enables individuals and companies to track consensus on industry trends through a market mechanism on the web. Decision Markets also provides private Decision Market services for corporate customers. The company provides a competitive advantage to its customers through a more efficient and timely exchange of information between industry pundits and corporate decision makers, as well as between employees and executive management. For more information, please see www.decisionmarkets.com.
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Publication:Business Wire
Date:May 16, 2000
Words:442
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