The Power of Predictions
Prediction markets are a useful tool for forecasting the future, modeling probabilities, and aggregating information. Collective Judgment's goal is to make prediction markets more accessible, widespread, and effective. Prediction markets shouldn't only be used for elections and pop culture events; they're a powerful tool for evaluating almost anything, from consumer products to professional services. Plus, the average person should be able to use prediction markets without having to buy crypto or use a VPN.
Technologies
Collective Judgment is building a platform to combine prediction markets and machine learning to aggregate judgment better than either of these tools can perform alone.
Intellectual Property
Founder Michael Abramowicz has received U.S. Patent No. 7707062 for a "method and system of forecasting customer satisfaction with potential commercial transactions," and Collective Judgment is developing further technologies that incentivize private parties to make accurate judgments and that aggregate those judgments in a reliable way.
Applications
Collective Judgment is producing both web-based software tools that allow users to benefit from prediction markets in a wide range of domains, as well as more specialized tools that focus on particular areas, such as finance, health, and real estate.
The Company
Collective Judgment LLC's founder, Michael Abramowicz, is a law professor at George Washington University Law School and an expert on mechanisms for aggregating popular judgment. Professor Abramowicz published Predictocracy with the Yale University Press in 2008, and his work has been published in the nation's leading law reviews, including the Yale Law Journal and the Harvard Law Review.
Collective Judgment's CTO is Jonah Sparling, a recent Yale University grad.