Prediction Markets apply group intelligence techniques such as the wisdom of crowds to provide new insights into certain types of decisions about the future which an enterprise must make. According to Andrew McAfee of MIT Sloan School of Management and the author of the book Enterprise 2.0. "They may seem like strange beasts but prediction markets are simply stock markets; they contain securities that are bought and sold by traders." Read his excellent 2-page introduction.

As a festive treat I am making available, totally free to Bioteams readers, my Virtual Teams and Communities Training Manual (155 pages) which I have used on a number of occasions as a comprehensive full-day workshop on this very important topic.

Thanks to mollfrey for posting my presentation on VENs at Connecting Innovation in Brighton (UK) on myplick.com. I like the way the slides are automatically previewed in flash with the text transcript also shown. Nice one!

Scientists from the University of Zurich have discovered the physiological mechanisms in the brain that underlie broken promises. Patterns of brain activity even enable you to predict whether someone will break a promise.