Method and system for harnessing collective knowledge

• US 20060217994A1
• Filed: 03/25/2005
• Published: 09/28/2006
• Est. Priority Date: 03/25/2005
• Status: Abandoned Application

• Current Assignee: The Motley Fool LLC (The Motley Fool Holdings, Inc.)
• Original Assignee: The Motley Fool LLC (The Motley Fool Holdings, Inc.)
• Inventors: Sigler, Tracy Randall, Etter, Robert Glenn Jr., Gardner, David Herr, Etter, Todd Lewis
• Application Number:
  US11/088,901
• Publication Number:
  US 20060217994A1
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

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.

Claims

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.