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 esteem of good men is the reward of our worth, but the reputation of the world in general is the gift of our fate.”
—François, Duc De La Rochefoucauld (1613–1680)
“Of what use, however, is a general certainty that an insect will not walk with his head hindmost, when what you need to know is the play of inward stimulus that sends him hither and thither in a network of possible paths?”
—George Eliot [Mary Ann (or Marian)
“Hence that general is skilful in attack whose opponent does not know what to defend; and he is skilful in defense whose opponent does not know what to attack.”
—Sun Tzu (6th–5th century B.C.)