Betting on the Future
I am putting this on my "check it out later when I have more time" list. I'll let the premise of the site speak for itself (P.S: It seems there are some real prizes being offered in this game):
The Tech Buzz Game is a fantasy prediction market for high-tech products, concepts, and trends. As a player, your goal is to predict how popular various technologies will be in the future. Popularity or buzz is measured by Yahoo! Search frequency over time. ... Predictions are made by buying virtual stock in the products or technologies you believe will succeed, and selling stock in the technologies you think will flop. In other words, you "put your play money where your mouth is."
Example
You're bullish on podcasting; you buy shares of PODCAST stock
Britney announces her next single will be delivered exclusively via podcast
Curious tweens everywhere flood Yahoo! with searches about podcasting
Your shares skyrocket; you make a bundle
As a technology enthusiast, use the Tech Buzz Game as a window into community sentiment about the future of technology.
[Tags: betting gambling games gaming science technology investing current events current affairs trends society search engines future futures markets prophecy predictions money business podcasting finance ]
The Tech Buzz Game is a fantasy prediction market for high-tech products, concepts, and trends. As a player, your goal is to predict how popular various technologies will be in the future. Popularity or buzz is measured by Yahoo! Search frequency over time. ... Predictions are made by buying virtual stock in the products or technologies you believe will succeed, and selling stock in the technologies you think will flop. In other words, you "put your play money where your mouth is."
Example
You're bullish on podcasting; you buy shares of PODCAST stock
Britney announces her next single will be delivered exclusively via podcast
Curious tweens everywhere flood Yahoo! with searches about podcasting
Your shares skyrocket; you make a bundle
As a technology enthusiast, use the Tech Buzz Game as a window into community sentiment about the future of technology.
[Tags: betting gambling games gaming science technology investing current events current affairs trends society search engines future futures markets prophecy predictions money business podcasting finance ]
1 Comments:
Clear security/contract definition is everything in these (and other) successful prediction markets - a precursor to market nirvana: liquidity. I don't see much clarity here. It will be an interesting experiment to watch, but unless they've got some serious marketing dollars behind it, my bet is that much of the Tech Buzz Game is still covered in virtual cobwebs three months hence.
For more on this, see: http://cartegic.typepad.com/mapping_strategy/2005/03/yahoo_enters_th.html
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