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MBA Futures Market

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johnnyx9
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MBA Futures Market [#permalink] New post   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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jsnooky33
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[#permalink] New post   27 Feb 2007, 08:03
...... 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...
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rhyme
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[#permalink] New post   27 Feb 2007, 08:21
I'd do this and game the system like nuts :)
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lepium
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[#permalink] New post   27 Feb 2007, 08:21
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.
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johnnyx9
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[#permalink] New post   27 Feb 2007, 09:51
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).
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pelihu
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[#permalink] New post   27 Feb 2007, 10:38
Actually, I have a gambling addiction so I won't say anything :)
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venky1979
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Re: MBA Futures Market [#permalink] New post   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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antapple
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[#permalink] New post   28 Feb 2007, 12:08
[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
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kidderek
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[#permalink] New post   28 Feb 2007, 12:13
pelihu wrote:
Actually, I have a gambling addiction so I won't say anything :)


I think we all do entering this bschool app fiasco.
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28 Feb 2007, 12:13

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