The first few times I heard of forecast markets was through the blog of Jose Antonio Gallego, and he was the one who informed me of the launch of BBVA’s Actibva Predicciones which has the objective of complementing the economic information services and community that BBVA offers through its portal Actibva.
Actibva Predicciones is a tool for forecasting markets, developed by Strands, in which users try to predict the result of future events in the areas that interest them the most. The themes over which one can make predictions include economy, science, technology, business, politics, sports, health, art and entertainment and fashion and style.
Although I found the web a little bit confusing to use, I think that it penetrates a subject or concept that makes a lot of sense as it involves work around collective intelligence, a phenomenon with a great potential, and increasingly being put into play on the internet. I see the application of this concept most useful when applied to the economy and politics. They say that the masses always get it wrong but counting with the option of knowing people’s sentiment and expectations of what will happen in specific areas in the future could be of great help for companies and other institutions.
