Technology Review Launches Futures Market

prostoalex writes "MIT Technology Review launched a futures market, allowing people to bet on ideas. A similar concept was at some point introduced by the Pentagon, but later the project was shut down. Currently you can bet on major stock indices, on answers to yes/no questions ('Will Oracle acquire PeopleSoft Inc before March 31st, 2004?') and technological achievements ('When will there be a commercially available electronic device using ultrawideband technology?')" Although the game doesn't use real money, the prizes are pretty swell. I like to think of it as the nerd's version of sportsbook.

Comments

OK, get it straight

[DNS-and-BIND]

When MIT establishes a futures market for ideas, it's good.

When the U.S.A. does the same thing, it's bad.

That concludes our lesson for today. Remember class, your essays on Marx are due next week, and extra credit for anyone who comes to the church service disruption scheduled for Sunday.