MARKET RESEARCH INTERFACE FOR USE WITH PREDICTION MARKET
Systems and methods having a graphic user interface for market research surveys are provided that allow users to participate in a combined prediction market and market research environment virtually without being presented directly with a stock market environment. The systems and methods of the present invention use prediction markets to automatically transform the user-provided inputs and/or selections from market research surveys, and automatically generate data that represents the likelihood of success of a product and/or service in the marketplace or commercial markets.
1 . A method for providing market research surveys comprising the steps of:
providing an interactive graphic user interface (GUI) on a website that is accessible by a multiplicity of remote user computing devices via a communications network, a remote server computer and database constructed and configured with a prediction market software operable thereon, wherein the GUI is operable to perform the following steps:
presenting at least two questions to a multiplicity of virtual market participants on the corresponding multiplicity of remote user computing devices;
presenting a plurality of answers for each of the corresponding at least two questions;
restricting the inputs and/or selections receivable via the GUI to allow only one answer input and/or selection for each question;
the remote server computer automatically transforming the inputs and/or selections received, using the prediction market software, into a combined outcome; wherein the combined outcome is used by the remote server computer but not disclosed within the GUI as at least one securities element in a virtual market, for indicting a likelihood of success associated with at least one product or service.
2 . The method of claim 1 , further including the step of indicating a winning outcome.
3 . The method of claim 3 , wherein the winning outcome has the greatest likelihood of predictive accuracy.
4 . The method of claim 1 , wherein the questions do not have binary answers.
5 . The method of claim 1 , wherein the answer input and/or selection for each question is non-binary.
6 . The method of claim 1 , further including the step of the server computer automatically transforming the answers into at least two visual representations, including at least one legend indicating components of each visual representations.
7 . The method of claim 1 , further including the step of automatically modifying the questions based upon combined outcomes generated by the server computer.
8 . The method of claim 1 , further including the step of automatically modifying the questions based upon combined outcomes generated by the server computer, and based upon a distribution of answers over the multiplicity of virtual market participants.
9 . The method of claim 1 , further including the step of automatically generating the combined outcome for individual virtual market participants and for aggregated total virtual market participants.
10 . A system for providing market research surveys using analytics automatically generated using predictive market models comprising:
an interactive graphic user interface (GUI) on a website that is accessible by a multiplicity of remote user computing devices via a communications network, a remote server computer and database constructed and configured with a prediction market software operable thereon, wherein the GUI is operable to perform the following steps:
at least two questions presented via the GUI to a multiplicity of virtual market participants on the corresponding multiplicity of remote user computing devices;
a plurality of answers for each of the corresponding at least two questions presented via the GUI;
wherein the inputs and/or selections receivable via the GUI are restricted to allow only one answer input and/or selection for each question;
wherein the remote server computer automatically transforms the inputs and/or selections received, using the prediction market software, into a combined outcome; wherein the combined outcome is used as at least one securities element in a virtual market that is not visible via the GUI, for automatically indicting a likelihood of success associated with at least one product or service.
11 . The system of claim 10 , further including a winning outcome generated automatically by the server computer.
12 . The system of claim 11 , wherein the winning outcome has the greatest likelihood of predictive accuracy.
13 . The system of claim 10 , wherein the questions do not have binary answers.
14 . The system of claim 10 , wherein the answer input and/or selection for each question is non-binary.
15 . The system of claim 10 , wherein the server computer automatically transforms the answers into at least two visual representations, including at least one legend indicating components of each visual representations.
16 . The system of claim 10 , wherein the server computer automatically modifies the questions based upon the combined outcomes that are generated by the server computer.
17 . The system of claim 10 , wherein the server computer automatically modifies the questions based upon combined outcomes generated by the server computer, and based upon a distribution of answers over the multiplicity of virtual market participants.
18 . The system of claim 10 , wherein the server computer automatically generates the combined outcome for individual virtual market participants and for aggregated total virtual market participants.
19 . A graphic user interface (GUI) for virtual market maker participation by a multiplicity of users comprising: an interactive market research GUI operatively associated with a website hosted on a server computer for remote access by a multiplicity of users for completing at least one market research survey; the GUI further including at least two questions presented visually and/or audibly via the GUI to a multiplicity of virtual market participants;
a plurality of answers for each of the corresponding at least two questions presented visually and/or audibly by the GUI; and
wherein the inputs and/or selections receivable via the GUI are restricted to allow only one answer input and/or selection for each question, and wherein the answers are non-binary.
20 . The GUI of claim 19 , further including answers indicated on the GUI, each answer having a corresponding at least one visual representation, including at least one legend indicating components of the visual representation(s).