CNET reporter Daniel Terdiman spent a day with SU’s Executive Program. Full coverage of his experience is at http://news.cnet.com/8301-13772_3-10394876-52.html.<.p>

"MOUNTAIN VIEW, Calif.–While I’m sure that many of the people in the room were familiar with prediction markets, I wonder how many of them had ever seen an active one up close and personal before.

"Providing that sense of deep immersion, of course, was exactly the point of an exercise run Monday during a session of Singularity University’s executive program by Melanie Swan, a Silicon Valley hedge fund manager. Swan, the principal of MS Futures Group, had tasked small groups of students with coming up with world-changing product ideas and then simultaneously had the students vote in an online prediction market looking at which product and team would be rewarded with the most faux-venture capital…"

Wired Senior Editor Ted Greenwald is embedded with Singularity University’s inaugural 10-day Executive Program. Follow his coverage of the entire program at http://www.wired.com/epicenter/singularity-university/. Ted is also Tweeting using #singularityu.

See Ted’s full post at http://www.wired.com/epicenter/2009/11/singularity-university-decharms/.

The greatest mysteries yield the biggest opportunities. And for Christopher deCharms, the human brain is the most mysterious thing of all.

A neuroscientist specializing in real-time brain imagery, deCharms suggests that the next wave of knowledge, technology, and business will come from cracking the code that gives humans the capacity to perceive, think, and act.

He flashes a slide on the screen listing a dozen things we don’t know: How does the brain make choices? Predictions? Plans? How does it produce an impression of identity, of experience? How does it adjust to change? How do we see, hear, touch, taste, smell? Why do we feel motivated one moment, depressed the next? Why do we sleep?

One thing that makes the answers so elusive is the staggering complexity of what the brain does. It’s such a thicket that scientists and philosophers can’t even reach consensus on a definition of consciousness. The quickest route to answers, deCharms says, is to break down the problem into manageable pieces. He differentiates between brain functions that involve high information density — say, reading and writing to the visual cortex — and those involving very small amounts of information, like moderating pain.

“Neurotechnology may benefit from questioning what kinds of low-information-content signals we can read and write before we try to upload and download consciousness,” he says.

Case in point: Deep brain stimulation. DeCharms shows video clips of Parkinsons patients moving involuntarily in a jerky, repetitive, exhausting dance. Their ability to control motion is so disrupted they speak in gasps. Switch on the electrodes reaching into the motor cortex, and suddenly they stand still and start talking about how good it feels.

The rest of deCharms’ presentation is devoted to groundbreaking research in brain cartography, perceptual function, neuronal physiology, and several ways to mediate brain activity from drugs to biofeedback. Still, he’s circumspect about the prospect of rapid advance in practical developments.

“If this research follows the usual pattern, progress will take longer than we imagine — but when it happens, it will deliver more benefit than we can imagine,” he says. The bottom line is that the frontier has been breached and wave after wave of troops are flooding over the border, mapping the territory, reshaping it, bringing new capabilities, hopes, and challenges.

The mystery won’t remain a mysterious for long.

Original article is under copyright and is re-published here with permission of the Ted Greenwald and Wired.com.