Your English writing platform
Discover LudwigSuggestions(1)
Exact(2)
To produce a corporate prediction, Roundell and Bueno de Mesquita determine the numerical values of the players in a negotiation by interviewing a firm's executives.
"At the moment, it's a fad that companies are trying out," grumbles Robin Hanson, an economist at George Mason University who popularised the concept of corporate prediction markets and believes they could be a powerful tool.But can prediction markets really spot broader industry trends?
Similar(58)
The decline of the company's stock, despite strong second-quarter earnings, shows the importance that the market places on company guidance -- Wall Street jargon for corporate predictions about future earnings.
Yet, oddly, hardly anyone is using them in this way.Hewlett-Packard and Intel pioneered the corporate use of prediction markets, but neither seems to be using them other than experimentally.
Markets and corporate fortunes routinely defy prediction.
Stalinists over stockbrokers might not seem like much of an improvement, but these ex-record breakers might remind us that the skyscraper need not be a combination of corporate phallus and crisis prediction instrument.
Prediction of corporate failure is one of the major activities in auditing firms risks and uncertainties.
"Everybody can [check] Bloomberg, but if you have a psychic coming in and telling you something different, that can be a potentially powerful weapon," says Samuel, before offering his own prediction: that corporate psychic services will continue to flourish.
Predictable predictions?
But what I read about big business (as practiced today) stresses the importance of corporate executives' meeting quarterly predictions.
EMC said that its ability to compensate by increasing sales to the big businesses that account for a vast majority of its market could be hurt if corporate managers listen to predictions by "pundits" that the economic slowdown will worsen.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com