Prediction platform to help water industry professionals asses future events
Stratecon Inc. and Inkling Markets launched a prediction platform for water industry professionals to assess risk and consequences of future events.
CLAREMONT, CA, April 5, 2013 -- Stratecon Inc. and Inkling Markets launched Stratecon Water Policy Markets (www.waterpolicymarkets.com), a platform for water industry professionals to utilize prediction markets to assess the risk and consequences of future events. Market prices provide estimates of the probability of events occurring.
The website will help water resource managers, planners, investors and individuals make decisions in the face of uncertainty about legislative and regulatory actions, political change, hydrology, project operations, litigation outcomes, and water prices.
Stratecon will work with trade associations, companies, agencies, investment funds, professional service firms and individuals who sponsor customized prediction markets on the website. Participation is open to anyone meeting eligibility requirements set by sponsors.
"Thousands of prediction markets have been used by the public and private sector to assess the risk of future events. Why not the water industry?" asks Rodney T. Smith, Ph.D., Stratecon's President. "This next frontier in water markets -- prediction markets -- will facilitate better, faster and cheaper decision-making."
About Stratecon Inc. and Inkling Markets
Stratecon Inc., based in Claremont, CA, is a strategic planning and economics consulting firm that specializes in water resources and provides advisory services, proprietary market research, economic studies, expert testimony and asset management.
Inkling Markets, based in Chicago, Illinois, was founded in 2006 to offer collective intelligence solutions to help organizations decrease and manage operational and strategic risk. Inkling's products have been implemented by industry-leading corporations and government agencies worldwide.