When I discuss Hayek's brilliant "The Use of Knowledge in Society" in my MBA class, I try to relate it to their professional concerns by discussing prediction markets. I give a couple of examples of companies using such markets and I even suggest that they--the MBAs--should pursue the idea with their employers.
But Tyler Cowen observes that businesses don't seem to be using them widely yet and he offers some conjectures why. The post draws some interesting comments, too.
Another part of my lecture notes that will have to be changed. Sigh.