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The biggest problem with the Hollywood Stock Exchange, if my memory's right, is that it's not for real money. If there was a way to make some meaningful cash o
by gyardley 17y ago
The biggest problem with the Hollywood Stock Exchange, if my memory's right, is that it's not for real money. If there was a way to make some meaningful cash off of it, the Twitter data (and a lot of other data sets) would have already been factored into the HSX prices by smart people trying to make a buck.
- adg 17y agoThis is going to happen soon: http://www.nytimes.com/aponline/2010/04/01/business/AP-US-Betting-on-Box-Office.html http://www.nytimes.com/aponline/2010/04/01/business/AP-US-Be....
- mnemonicsloth 17y agoUnless the studios can stop it: http://www.overcomingbias.com/2010/03/masking-movie-manipulation.html http://www.overcomingbias.com/2010/03/masking-movie-manipula...
- yankeeracer73 17y agoCan you point to any research that says real money exchanges perform any better than the play money exchanges? Here's some saying just the opposite published by Wharton: http://bpp.wharton.upenn.edu/jwolfers/Papers/DoesMoneyMatter.pdf http://bpp.wharton.upenn.edu/jwolfers/Papers/DoesMoneyMatter... - this opinion about needing real money in a prediction market to be effective is a long held conventional wisdom that has proved to be wrong time and time again.