Vsm-demo.com
Title
Virtual Stock Markets
Description
Excerpted from the website:
- Basic idea
- The application of Internet-based virtual stock markets (VSM) is a new approach that can be used to predict short- and medium-term market developments. Its basic idea is to bring a group of participants together via the Internet and let them trade shares of virtual stocks. These stocks represent a bet on the outcome of future market situations and their value depends on the realization of these market situations. Once the outcome of a specific market situation is known, each share of virtual stock receives a cash dividend (payoff) according to that specific market outcome (e.g., $1 for each unit sold). In this process, a virtual stock market elicits and aggregates the assessments of its participants concerning future market developments.
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English
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