Re: Australia hilarity

Eliezer S. Yudkowsky (sentience@pobox.com)
Wed, 30 Jun 1999 20:16:08 -0500

phoenix@ugcs.caltech.edu wrote:
>
> What, day trading isn't enough on-line gambiling?

Oh, yes, and did I mention that letting people just bet, outright, on which way a stock will go, without actually having to buy anything and with no brokerage commission, would probably go a long way towards stabilizing the stock market? Which, if you ask me, has major volatility problems stemming from people out to make a fast buck. Remove the people who aren't actually investors, and the market will probably get a lot better.

Even major institutions sometimes buy futures or stocks as a hedge, instead of as an investment. In a horse-race-like scenario, you could probably get much better odds on hedges.

-- 
           sentience@pobox.com          Eliezer S. Yudkowsky
        http://pobox.com/~sentience/tmol-faq/meaningoflife.html
Running on BeOS           Typing in Dvorak          Programming with Patterns
Voting for Libertarians   Heading for Singularity   There Is A Better Way