Is it a good idea to encourage ALL employees to trade in these markets? Should insiders and/or highly uninformed people be allowed to trade? Do they help or hurt the market?
It appears that the purpose of encouraging all employees to prediction trade is to increase the accuracy of the markets. However, Google project insiders have stated that the market is already quite accurate, and often confirms their own, informed beliefs. Based on that, I'm not sure what value the market has, information wise. Therefore, it may be a waste of time to encourage employees to trade in a prediction market - productivity would decline for no reason.
I don't think that the market should be restricted to certain people (if that's possible). The market is already subject to manipulation based on activity monitors - so it's likely that highly informed and uninformed activity will be lost in the shuffle.
Thursday, April 23, 2009
Tuesday, April 14, 2009
Threadless
In what other industries or areas would Threadless’ community-driven product development model work well? And not so well?
This model works well for T-shirt production becuase it provides high creative value with a low production cost. The low production cost is due mostly to the static nature of the production process - a fixed amount of shirts/hoodies etc. are produced during every production cycle. This model would work well in other areas where creativity is valued and the product design is simple.
However, this model would not transfer well to complex products, such as shoes or handbags, where the customized production process would be too expensive.
This model works well for T-shirt production becuase it provides high creative value with a low production cost. The low production cost is due mostly to the static nature of the production process - a fixed amount of shirts/hoodies etc. are produced during every production cycle. This model would work well in other areas where creativity is valued and the product design is simple.
However, this model would not transfer well to complex products, such as shoes or handbags, where the customized production process would be too expensive.
Subscribe to:
Posts (Atom)
