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Thread: CW Stock Exchange Project

  1. #61
    State Vice-Captain harsh.ag's Avatar
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    Quote Originally Posted by rvd619323 View Post
    Yeah, and for the players to revolt against the selectors every so often.

    And I'm out of economic theories; haven't got to Institutional Economics yet and I cbf applying Smith and Ricardo to it.

    Actually, Ricardo would probably ask India to provide the middle order batsmen, Pakistan the left arm quicks, South Africa the fieldsmen, England the openers, the West Indies the right arm quicks and Australia the top order. Makes for a more efficient team.
    Yeah, in Ricardo's world, there would be no international cricket. Just club cricket.

    Quote Originally Posted by LongHopCassidy View Post
    Malthus would be aghast that we were using pieces of wood, leather and huge spaces that could be used for more productive ends.
    Malthus would be aghast we were 7 billion people large, and still going strong
    Not to mention a cool 1 billion of those people addicted to the pieces of wood, leather and huge spaces.
    If you were that old, and that kind, and the very last of your kind, you couldn't just stand back and watch children cry.

  2. #62
    State Vice-Captain harsh.ag's Avatar
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    If the ICC ratings are used as the gauge, then once the ICC formula for ratings become known (which I am guessing is not the most sophisticated equation in history), it merely becomes a question of this forum acting like some sort of a low-yield bond mutual fund. There is no volatility to speak of. No risk premiums, and no beta values per se. It will be boring! Only derivatives can spice it up.
    Last edited by harsh.ag; 27-03-2013 at 08:25 AM.

  3. #63
    International 12th Man Quaggas's Avatar
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    Quote Originally Posted by marc71178 View Post
    The ICC ranking could be used as some form of value for established players but that doesn't take into account batting and bowling or débutantes.
    IPOs typically don't pay dividends either. At that point it's a growth stock that may well crash and burn. Can still "IPO" a debutant, more speculative play.

  4. #64
    International 12th Man Quaggas's Avatar
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    Quote Originally Posted by harsh.skm View Post
    If the ICC ratings are used as the gauge, then once the ICC formula for ratings become known (which I am guessing is not the most sophisticated equation in history), it merely becomes a question of this forum acting like some sort of a low-yield bond mutual fund. There is no volatility to speak of. No risk premiums, and no beta values per se. It will be boring! Only derivatives can spice it up.
    You are paying for a players future ICC ranking, which depends on a players output. Whether the formula is known or not is irrelevant. Just like microsoft, I know how they generate earnings but can only guess at demand for their products.

    If you can predict rankings, you'll make a ton of "money" - no different from firms. The volatility might be quite high despite relatively smooth rankings, as with firms (dividends are very smooth).

    Derivatives are simply a way of leveraging, but you'd get the same effect if you allowed borrowing.


  5. #65
    Hall of Fame Member honestbharani's Avatar
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    This is a great idea
    We miss you, Fardin. :(. RIP.
    Quote Originally Posted by vic_orthdox View Post
    In the end, I think it's so utterly, incomprehensibly boring. There is so much context behind each innings of cricket that dissecting statistics into these small samples is just worthless. No-one has ever been faced with the same situation in which they come out to bat as someone else. Ever.
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  6. #66
    Hall of Fame Member honestbharani's Avatar
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    Quote Originally Posted by benchmark00 View Post
    That's actually pretty good. I particularly like the ICC ranking aspect as it takes the human element out.
    Seconded. And yeah, juz wanna advance book a slot if this is ever up and running..

  7. #67
    State Vice-Captain harsh.ag's Avatar
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    Quote Originally Posted by Quaggas View Post
    You are paying for a players future ICC ranking, which depends on a players output. Whether the formula is known or not is irrelevant. Just like microsoft, I know how they generate earnings but can only guess at demand for their products.

    If you can predict rankings, you'll make a ton of "money" - no different from firms. The volatility might be quite high despite relatively smooth rankings, as with firms (dividends are very smooth).

    Derivatives are simply a way of leveraging, but you'd get the same effect if you allowed borrowing.
    The problem is that the way the ICC ratings are handled is too smooth and not volatile at all, especially because there are no external disruptions of any kind (debutantes excluded). It is not too difficult to predict where most players are going to be ranked a week from now. Derivatives are interesting because then you can actually bet today on the players' ratings 6 months or 1 year (or more) from now. Way more fun than holding on to a mutual fund type mix of players week after week, only unloading one or two based on a test (if there is a test).

    P.S. You might know how Microsoft generates its earnings, but there is no way in hell that you know how the whole technology sector is going to play out by the end of the week, not even 30% unless you are a big shark.
    Last edited by harsh.ag; 27-03-2013 at 01:51 PM.

  8. #68
    International 12th Man Quaggas's Avatar
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    Quote Originally Posted by harsh.skm View Post
    The problem is that the way the ICC ratings are handled is too smooth and not volatile at all, especially because there are no external disruptions of any kind (debutantes excluded). It is not too difficult to predict where most players are going to be ranked a week from now. Derivatives are interesting because then you can actually bet today on the players' ratings 6 months or 1 year (or more) from now. Way more fun than holding on to a mutual fund type mix of players week after week, only unloading one or two based on a test (if there is a test).

    P.S. You might know how Microsoft generates its earnings, but there is no way in hell that you know how the whole technology sector is going to play out by the end of the week, not even 30% unless you are a big shark.
    Firms' earning are also known relatively accurately on a shorter basis, and if very well known the market value is relatively stable. Surprise announcements (reg-fd) are like test match events; they update the information set - though some of us are better at predicting the outcomes than others (see CC) and will do better on average.

    One point though - many firms are levered, the players are not. However, you could easily have CW's IPO chief add leverage and even adjust it as time went on.

    Derivatives are fine for speculators, but are a red herring for the market as a whole (ZNS, can be very well dynamically hedged with cash and player stock)

    Edit: Given MS has unpriced risk, determining the sector's future as a whole is probably easier, not harder.
    Last edited by Quaggas; 27-03-2013 at 02:03 PM.

  9. #69
    State Vice-Captain harsh.ag's Avatar
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    Quote Originally Posted by Quaggas View Post
    Firms' earning are also known relatively accurately on a shorter basis, and if very well known the market value is relatively stable. Surprise announcements (reg-fd) are like test match events; they update the information set - though some of us are better at predicting the outcomes than others (see CC) and will do better on average.

    One point though - many firms are levered, the players are not. However, you could easily have CW's IPO chief add leverage and even adjust it as time went on.

    Derivatives are fine for speculators, but are a red herring for the market as a whole (ZNS, can be very well dynamically hedged with cash and player stock)

    Edit: Given MS has unpriced risk, determining the sector's future as a whole is probably easier, not harder.
    Might not be too bad. Keeping track of who owns what percentage of a player's stock would be a nightmare for the moderator(s) though.

  10. #70
    Cricket Web Staff Member Burgey's Avatar
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    Trade in Watson, Pattinson, Khawaja and Johnson Inc shares has been suspended owing to compliance issues with ASIC.
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  11. #71
    Hall of Fame Member Smudge's Avatar
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    I'm keen to buy low right now with Jesse Ryder....



    Too soon?

  12. #72
    Cricketer Of The Year Cabinet96's Avatar
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    Yup.

  13. #73
    Hall of Fame Member Marcuss's Avatar
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    What is the price on Harris atm?

  14. #74
    Request Your Custom Title Now! benchmark00's Avatar
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    Quote Originally Posted by Jono View Post
    Kohli. Do something in test cricket for once please.

    Thanks.

  15. #75
    Cricketer Of The Year Agent Nationaux's Avatar
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    Adam Smith would advocate the team to be made up of all the selfish players.
    Quote Originally Posted by BoyBrumby View Post
    Yeah, look, it gives me a pain deep inside my uterus to admit it, but it's Ajmal until such time as we get a working throwing law again.
    Never in a million years would I have thought Brumby to admit this!!!!!!

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