Procurement Innovation: Combining Data Analysis and the Wisdom of the Crowds

o The idea behind using prediction markets in opportunity analysis is the same one that prompted the United States Department of Defense to consider establishing a prediction market for the next terrorist attack -- they only abandoned the idea because of misguided public outrage. If you think about it, it is very difficult for a small group of experts to know about a widely decentralized terrorist network. However, the masses, aided by the profit motive, will be much more likely to be in a position to identify the greatest threats.