langreiter.com plain, simple: comment-2006-01-02-1

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comment-2006-01-02-1

CREATED BY slauti • LAST EDITED BY slauti 6703 days AGO

well, we should care more about prediction markets as they have become so important in the real world but they take up an awful lot of brainpower if you do not want to focus on them alone. I've been knowing about this for a long time as a friend and me did an options and futures simulator for a german media house in about 199early named Brokerking. I knew then that it would flop allthough people had bought share trading simulators like rolls. we had to go in and correct the author's (to whose (half) popular book we were adding the simulator) logic quite a bit, because it just did not work. these models incl. the classic Black-Scholes are just one step too complex for the average listener. even now I had to read the introduction twice having been out of the topic for a long while. on the other hand gy shows that extensive pullout like the example in his comment is very nice, because examples that show single steps to develop a position are a lot easier to understand.