From: Eliezer S. Yudkowsky (sentience@pobox.com)
Date: Wed Jun 30 1999 - 19:16:08 MDT
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
This archive was generated by hypermail 2.1.5 : Fri Nov 01 2002 - 15:04:21 MST