Proposal: rumor stock market
I have seen this around for other topics on the Internet, and of course DARPA had a planned "terrorism futures market". More details can be found at these other site.
The basic idea is that a rumor is floated with a specific date attached to it, and Arn or someone gives it an initial price. For example, By March 31, 2004 Apple will come out with a PB line based on the 0.06 CPU. A user can buy into the rumor, which will tend to drive its price up, or he can sell (if he owns a share), which will drive the price down. If the date arrives and the rumor fails to materialize, all the share owners in that rumor lose money. If the rumor come true by the date, all share owners are rewarded by some amount.
MacRumors could have a link to all the Rumors currently being tracked, their current price, and their price over time. Perhaps quarterly MacRumors can post the top financial winners, and maybe give them a T-shirt.
Any thoughts?
MacRumors should start a Rumors Market, where users can place MacRumor bucks on different rumors.Is it probable? Absolutely not.
I think probably not true as well...
I think this is probably not true.
I have seen this around for other topics on the Internet, and of course DARPA had a planned "terrorism futures market". More details can be found at these other site.
The basic idea is that a rumor is floated with a specific date attached to it, and Arn or someone gives it an initial price. For example, By March 31, 2004 Apple will come out with a PB line based on the 0.06 CPU. A user can buy into the rumor, which will tend to drive its price up, or he can sell (if he owns a share), which will drive the price down. If the date arrives and the rumor fails to materialize, all the share owners in that rumor lose money. If the rumor come true by the date, all share owners are rewarded by some amount.
MacRumors could have a link to all the Rumors currently being tracked, their current price, and their price over time. Perhaps quarterly MacRumors can post the top financial winners, and maybe give them a T-shirt.
Any thoughts?