Markets in everything

by on October 8, 2009 at 11:32 am in Education | Permalink

Max L. writes to me:

www.ultrinsic.com has gone live and has expanded its betting options for college grades in some interesting ways.  Students can bet not only on their grades in particular classes but also on their career GPA's.  They can also buy insurance for bad grades and make a bunch of different "multicourse" bets.  I thought the expansion adds an interesting finance technique and speeds up the rate at which students feel the burdens/benefits of their academic performance. Also, Ultrinsic either must already have or must develop an effective model for predicting student performance, which should create a lot of very useful data for a huge variety of purposes.

Max also sends along this piece on Hamas and Bernie Madoff.

Josh October 8, 2009 at 2:25 pm

The site still seems sparse on content… is there a way without signing up for anything to find out how the contracts are enforced? (i.e. it says you can get money if you achieve certain grades but how will they know what you really achieved?)

CF October 8, 2009 at 4:12 pm

Asking your college to forward transcripts to a gambling site…that’s just like asking your mom to pay for your porn.

Jacqueline October 8, 2009 at 5:14 pm

Crap! It’s only available to undergraduates at NYU and University of Pennsylvania. :(

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