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About the eLab eXchange
The eLab eXchange is set of
prediction markets
that allows consumers to judge
the likelihood of future events in the online retailing space and give their
opinions about the best (or worst) aspects of online shopping. Professors
Donna Hoffman and Tom Novak, co-directors of the
UCR Sloan Center for Internet Retailing
started the eLab eXchange to create a window on how online consumers think and feel about the Internet. The eLab eXchange is powered by Newsfutures.
Web 2.0 guru Tim OReilly observed that
"The real heart of Web 2.0 is harnessing collective intelligence." The eLab eXchange is a unique way to harness the collective wisdom of online consumers. By sharing your views of the best and worst of the online experience your collective intelligence has the power to influence the Internet retailing industry. Your judgments tell online retailers what you think about their Internet efforts and can influence their actions in ways that will make the Internet more engaging and intelligent!
It's free to join and play in the eLab eXchange and you can play in any or all of the markets eLab eXchange currently has running. You can win prizes based on how well you judge events. Some of the markets involve competitive forecasts and have actual market values (like the percentage growth in online holiday shopping this year compared to last year). Other markets are idea markets in which you can rate how much you like (or dont like) particular features of shopping sites or the actual sites themselves. These markets are judged by panels of industry and academic experts and the winners are those whose judgments match those of the experts.
Feel free to browse the markets. Since they update in real-time as members make their predictions be sure to check back frequently.
By harnessing this wisdom of the online crowd, the markets in the eLab eXchange have the potential to generate very accurate predictions about events in Internet retailing. The more people who participate, the better the predictions. So feel free to share this site with your friends and colleagues and start judging events today!
We hope you will find the eLab eXchange fun and fascinating. Play the markets that interest you and send a message to Internet retailers about how they can improve your online shopping experience!
Ready to start judging? Sign Up Now - It's absolutely free and only takes a few seconds to create an account.
As soon as you sign up, you can start making predictions about future Internet retailing outcomes and be on your way to winning prizes.
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