Method and system for harnessing collective knowledge

Abstract

The present invention provides a method of aggregating information, the method including: receiving at least one first prediction; and rating the at least one first prediction based at least in part on at least one actual event, thereby providing at least one prediction rating.

1 . A method of aggregating information, the method comprising: 
 receiving at least one first prediction; and    rating the at least one first prediction based at least in part on at least one subsequent event, thereby providing at least one prediction rating.    
     
     
         2 . The method according to  claim 1 , wherein the rating comprises calculating: 
   2 / 3 •(score rating)+  1 / 3 •(percentage right rating) to obtain a raw rating,    wherein the score rating represents the number of percentage points by which the at least one first prediction is correct, and    the percentage right rating represents an accuracy of at least one member/user across a plurality of predictions including the at least one first prediction.    
     
     
         3 . The method according to  claim 2 , further comprising adjusting the raw rating to reflect the at least one member/user's performance relative to a second at least one member/user's performance.  
     
     
         4 . The method according to  claim 3 , wherein the second at least one member/user includes a plurality of member/users.  
     
     
         5 . The method according to  claim 1 , further comprising receiving at least one second prediction.  
     
     
         6 . The method according to  claim 5 , further comprising rating the at least one first prediction based at least in part on the at least one second prediction.  
     
     
         7 . The method according to  claim 5 , wherein the at least one second prediction includes a plurality of predictions.  
     
     
         8 . The method according to  claim 1 , wherein the at least one first prediction relates to a stock.  
     
     
         9 . The method according to  claim 1 , further comprising displaying the at least one prediction rating.  
     
     
         10 . The method according to  claim 1 , wherein the at least one prediction rating includes a plurality of prediction ratings.  
     
     
         11 . The method according to  claim 1 , wherein the at least one first prediction is weighted based at least in part on at least one previous prediction.  
     
     
         12 . A system for aggregating information, the system comprising: 
 means for receiving at least one first prediction; and    a controller configured to rate the at least one first prediction based at least in part on at least one subsequent event, thereby providing at least one prediction rating.    
     
     
         13 . The system according to  claim 12 , wherein the controller is configured to rate the at least one first prediction based at in part on the following calculation: 
   2 / 3 •(score rating)+  1 / 3 •(percentage right rating) to obtain a raw rating,    wherein the score rating represents the number of percentage points by which the at least one first prediction is correct, and    the percentage right rating represents an accuracy of at least one member/user across a plurality of predictions including the at least one first prediction.    
     
     
         14 . The system according to  claim 13 , wherein the controller is further configured to adjust the raw rating to reflect the at least one member/user's performance relative to a second at least one member/user's performance.  
     
     
         15 . The system according to  claim 14 , wherein the second at least one member/user includes a plurality of member/users.  
     
     
         16 . The system according to  claim 12 , further comprising means for receiving at least one second prediction.  
     
     
         17 . The system according to  claim 16 , wherein the controller is further configured to rate the at least one first prediction based at least in part on the at least one second prediction.  
     
     
         18 . The system according to  claim 16 , wherein the at least one second prediction includes a plurality of predictions.  
     
     
         19 . The system according to  claim 12 , wherein the at least one first prediction relates to a stock.  
     
     
         20 . The system according to  claim 12 , further comprising displaying the at least one prediction rating.  
     
     
         21 . The system according to  claim 12 , wherein the at least one prediction rating includes a plurality of prediction ratings.  
     
     
         22 . The system according to  claim 12 , further comprising means for weighting the at least one first prediction based at least in part on a previous prediction.