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27 Feb 2007, 07:14
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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.
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.
27 Feb 2007, 08:21
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I'd do this and game the system like nuts 
