General
Each user begun with POP$250000 which could have been invested in any of the available stocks. By taking a short survey, users were awarded an additional POP$10000. Each Monday, Wednesday and Friday a new IPO was introduced to the market. Following an IPO, users could buy or short shares of the stock based on their feelings of its practicality. To maintain fairness to new users, no user could own more than 1,000 shares of a particular stock at one time and no one could buy a particular stock for several hours after a new stock is introduced to give everyone a fair chance of purchasing it at its introductory POP$50 a share. The price of the stock was then used as an indicator of user confidence in that event and also as a way to increase one's net worth. As new information became available to the public, stocks prices were further refined as users moved to better their position on that stock.
Read more about this topic: Popular Science Predictions Exchange
Famous quotes containing the word general:
“The General Order is always to manoeuver in a body and on the attack; to maintain strict but not pettifogging discipline; to keep the troops constantly at the ready; to employ the utmost vigilance on sentry go; to use the bayonet on every possible occasion; and to follow up the enemy remorselessly until he is utterly destroyed.”
—Lazare Carnot (1753–1823)
“The world can doubtless never be well known by theory: practice is absolutely necessary; but surely it is of great use to a young man, before he sets out for that country, full of mazes, windings, and turnings, to have at least a general map of it, made by some experienced traveller.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)
“It was the words “descended into Hades”
That seemed too pagan to our liberal youth.
You know they suffered from a general onslaught.
And well, if they weren’t true why keep right on
Saying them like the heathen? We could drop them.”
—Robert Frost (1874–1963)