After reading a multitude of comments, it appears the negativity toward a double call auction based IPO system comes from a lack of understanding of the topic. I don't know how you run a prediction market for the masses as participating in a prediciton market well clearly takes some understanding of economics and The Wisdom of the Crowd. I think this has nothing to do with casual or hardcore--how much time you spend on the site--doing well on here is simply a matter of education.
If you have a knowledge of economics and finance, you can do very well on this site spending only a couple minutes a day. You just post limit orders for the price ranges you think are too high and too low. Many players don't trade rationally and you will make money shorting at the high prices they are willing to buy at.
I really don't know what the solution is. I see there are people suggesting there be a survey to come up with an IPO price, and the fact that people would suggest this demonstrate a lack of understanding of a prediction market is. The whole point of a prediction market is the idea that market trading is a better way to aggregate information than a survey.
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If you have a knowledge of economics and finance, you can do very well on this site spending only a couple minutes a day. You just post limit orders for the price ranges you think are too high and too low. Many players don't trade rationally and you will make money shorting at the high prices they are willing to buy at.
I really don't know what the solution is. I see there are people suggesting there be a survey to come up with an IPO price, and the fact that people would suggest this demonstrate a lack of understanding of a prediction market is. The whole point of a prediction market is the idea that market trading is a better way to aggregate information than a survey.