Find all School-related info fast with the new School-Specific MBA Forum

It is currently 23 Nov 2014, 03:13

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

MBA Futures Market

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Director
Director
User avatar
Joined: 28 Jun 2006
Posts: 958
Followers: 1

Kudos [?]: 72 [0], given: 0

MBA Futures Market [#permalink] New post 27 Feb 2007, 06:14
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.
Manager
Manager
User avatar
Joined: 27 Jul 2006
Posts: 161
Followers: 1

Kudos [?]: 7 [0], given: 0

 [#permalink] New post 27 Feb 2007, 07:03
...... 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...
GMAT Club Legend
GMAT Club Legend
avatar
Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5925
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
WE: Business Development (Consumer Products)
Followers: 258

Kudos [?]: 1597 [0], given: 7

Premium Member
 [#permalink] New post 27 Feb 2007, 07:21
I'd do this and game the system like nuts :)
VP
VP
User avatar
Joined: 24 Sep 2006
Posts: 1360
Followers: 10

Kudos [?]: 185 [0], given: 0

 [#permalink] New post 27 Feb 2007, 07:21
ok, Johnny,
step away from the keyboard,
put your hands over your head, facing the wall.
Kick your mouse towards me.
:lol:

Actually the idea of doing anything, ANYTHING, to kill time till D-days is appealing. Unluckily this idea is kinda illegal.

Cheers. L.
Director
Director
User avatar
Joined: 28 Jun 2006
Posts: 958
Followers: 1

Kudos [?]: 72 [0], given: 0

 [#permalink] New post 27 Feb 2007, 08:51
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).
SVP
SVP
User avatar
Joined: 31 Jul 2006
Posts: 2308
Schools: Darden
Followers: 40

Kudos [?]: 432 [0], given: 0

 [#permalink] New post 27 Feb 2007, 09:38
Actually, I have a gambling addiction so I won't say anything :)
Director
Director
User avatar
Joined: 10 Aug 2006
Posts: 665
Followers: 2

Kudos [?]: 4 [0], given: 0

Re: MBA Futures Market [#permalink] New post 28 Feb 2007, 04:01
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 :(
Manager
Manager
User avatar
Joined: 11 Jan 2007
Posts: 202
Followers: 2

Kudos [?]: 29 [0], given: 0

 [#permalink] New post 28 Feb 2007, 11:08
[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
SVP
SVP
User avatar
Joined: 24 Aug 2006
Posts: 2135
Followers: 3

Kudos [?]: 90 [0], given: 0

 [#permalink] New post 28 Feb 2007, 11:13
pelihu wrote:
Actually, I have a gambling addiction so I won't say anything :)


I think we all do entering this bschool app fiasco.
  [#permalink] 28 Feb 2007, 11:13
    Similar topics Author Replies Last post
Similar
Topics:
Experts publish their posts in the topic Is a Harvard MBA in your future? Accepted.com 0 23 Jun 2014, 12:46
Experts publish their posts in the topic Crops can be traded on the futures market before they are Narenn 0 27 Jan 2013, 02:01
4 The futures market lets investors speculate on future agdimple333 8 09 Jul 2012, 09:35
Crops can be traded on the futures market before they are ruturaj 0 08 Jun 2011, 21:04
3 Crops can be traded on the futures market before they are vksunder 12 18 Jul 2008, 01:16
Display posts from previous: Sort by

MBA Futures Market

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.