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Director
Joined: 28 Jun 2006
Posts: 958
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MBA Futures Market [#permalink]
 27 Feb 2007, 07:14
I don't really know much about futures or gambling, but was just thinking of a way to make this whole "waiting" part of the process more bearable.
What about a futures market for applicants? Everybody posts a very detailed profile, and even their application essays. Then people start putting money down.
So if I think so-and-so is a shoe-in at Wharton, I put up $100. If they get in to Wharton, they owe me $100. If they don't get in, I owe them a $100.
This would be a nice way to hedge against ding-pain. So if I think I should really be able to get into Stern because I think my profile is good enough, but I don't get in, at least I can collect the money from people who also thought I was good enough to get in.
It's kind of like betting against your favorite team, that way if your team wins you're happy and don't mind taking the loss, but if they lose you have the consolation of money.
Of course I realize people might game the system and bomb interviews to collect money, and I also realize this whole idea is completely stupid, but just an idea for hedging against the possibility of some serious ding-pain when decisions come down.
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Manager
Joined: 27 Jul 2006
Posts: 161
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...... waits for Pelihu to chime in about how illegal this is ......
Don't worry johnny, decisions will be out soon enough! Just hang in there...
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GMAT Club Legend
Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5881
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
WE: Business Development (Consumer Products)
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I'd do this and game the system like nuts 
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VP
Joined: 24 Sep 2006
Posts: 1360
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ok, Johnny,
step away from the keyboard,
put your hands over your head, facing the wall.
Kick your mouse towards me.
Actually the idea of doing anything, ANYTHING, to kill time till D-days is appealing. Unluckily this idea is kinda illegal.
Cheers. L.
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Director
Joined: 28 Jun 2006
Posts: 958
Followers: 1
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The illegal part of it we might be able to work around, we could run the operation from Nigeria or something. The stupid part of it probably cannot be overcome though.
You're right Lepium, anything to kill time. Which for the last week means I've been immersing myself in work (yeah, as in my job, novel idea I know).
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SVP
Joined: 31 Jul 2006
Posts: 2310
Schools: Darden
Followers: 27
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Actually, I have a gambling addiction so I won't say anything
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Director
Joined: 10 Aug 2006
Posts: 665
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Re: MBA Futures Market [#permalink]
28 Feb 2007, 05:01
johnnyx9 wrote: I don't really know much about futures or gambling, but was just thinking of a way to make this whole "waiting" part of the process more bearable.
What about a futures market for applicants? Everybody posts a very detailed profile, and even their application essays. Then people start putting money down.
So if I think so-and-so is a shoe-in at Wharton, I put up $100. If they get in to Wharton, they owe me $100. If they don't get in, I owe them a $100.
This would be a nice way to hedge against ding-pain. So if I think I should really be able to get into Stern because I think my profile is good enough, but I don't get in, at least I can collect the money from people who also thought I was good enough to get in.
It's kind of like betting against your favorite team, that way if your team wins you're happy and don't mind taking the loss, but if they lose you have the consolation of money.
Of course I realize people might game the system and bomb interviews to collect money, and I also realize this whole idea is completely stupid, but just an idea for hedging against the possibility of some serious ding-pain when decisions come down.
If i mistake not something like betting/futures happens on MBA salary average I forgot the site name 
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Manager
Joined: 11 Jan 2007
Posts: 202
Followers: 2
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[quote="pelihu"]Actually, I have a gambling addiction so I won't say anything :)[/quote]
Did you mention it in your essays? I'm sure it would look good...
lol
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SVP
Joined: 24 Aug 2006
Posts: 2140
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pelihu wrote: Actually, I have a gambling addiction so I won't say anything I think we all do entering this bschool app fiasco.
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