Inspiring entrepreneurship in the classroom using a prediction market approach

Title Inspiring entrepreneurship in the classroom using a prediction market approach
Faculty/College/Unit Sauder School of Business
Status Completed
Duration 2 Year
Initiation 04/01/2014
Completion 03/31/2017
Funding Details
Year 1: Project Year Year 1
Year 1: Funding Year 2014/2015
Year 1: Project Type Small TLEF
Year 1: Principal Investigator John Ries
Year 1: Funded Amount 22,900
Year 1: Team Members

Momo Deretic, Sauder School of Business

Year 2: Project Year Year 2
Year 2: Funding Year 2016/2017
Year 2: Project Type Small TLEF
Year 2: Principal Investigator John Ries
year-2 funded-amount 8,500
Year 2: Team Members

Momo Deretic, Part-Time Lecturer, Sauder School of Business
Yvonne Dixon, Research Assistant, Sauder School of Business

Project Summary

Fostering entrepreneurship is a major UBC initiative expressed in the slogan “Inspiring entrepreneurial thinking to innovative ventures”. We contribute to this initiative by developing a prediction market software platform for evaluating and forecasting the success of students’ entrepreneurial start-up ideas. This pedagogical tool develops critical thinking, analytical decision making, and skills through experiential learning. Student learning is enhanced through their participation as (1) start-up founders, (2) corporate development officers and (3) investors. Students trade “shares” of entrepreneurial projects in an online fully customizable ‘”stock market”. The project also provides accompanying teaching materials for instructors and an information website with results and historical data.

Project Report 2016-Ries-Final-WEB.pdf