Inspiring entrepreneurship in the classroom using a prediction market approach

TitleInspiring entrepreneurship in the classroom using a prediction market approach
Faculty/College/UnitSauder School of Business
StatusCompleted
Duration2 Year
Initiation04/01/2014
Completion03/31/2017
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.

Funding Details
Year 1: Project YearYear 1
Year 1: Funding Year2014/2015
Year 1: Project TypeSmall TLEF
Year 1: Principal InvestigatorJohn Ries
Year 1: Funded Amount22,900
Year 1: Team Members

John Ries, Professor, Strategy and Business Economics Division, Sauder School of Business
Momo Deretic, Part-time Lecturer, Sauder School of Business

Year 2: Project YearYear 2
Year 2: Funding Year2016/2017
Year 2: Project TypeSmall TLEF
Year 2: Principal InvestigatorJohn Ries
Year 2: Funded Amount8,500
Year 2: Team Members

John Ries, Professor, Strategy and Business Economics Division, Sauder School of Business
Momo Deretic, Part-time Lecturer, Sauder School of Business
Yvonne Dixon, Research Assistant, Sauder School of Business

Year 2: TLEF ShowcaseYear 2: TLEF Showcase
Project Report2016-Ries-Final-WEB.pdf