Do we know that what VG Chartz is listing is accurate or not? I think it's fairly safe to say its not that accurate because they aren't terribly accurate at any other point in their predictions.
What happens is we pass a point where no one else tracks the games and they get down to several thousand a week in sales and only VGChartz is listing the sales, then the prediction listed by VGChartz, which up to that point was between 20-100% off suddenly becomes the only piece of information and the stock adjusts.
At that point we no longer are really a prediction market and more of a VGChartz market tracking what they say a game has sold.
This is what I propose we do to fix this problem.
The industry seems to care about games in general for about 3-6 months. Some games last a bit longer than that, especially popular games and those should take longer to delist, but most games are pretty much settled into a set pattern by that time.
On the SimExchange, at that point all of the sudden we start adjusting the price by what VGChartz says. I'm arguing that instead we delist the stock.
There are a couple of options that might upon up a stock for trading again after it's been delisted, all involving new pieces of information that no one can really predict (You can't honestly say you expected the Red Steel information).
Some of these pieces of information may include press releases with stated sales information, announcement of a game going Platinum or some other form of information that affects our previous predictions.
At this point we take the new piece of information into account and relist the stock accordingly and then The SixExchange tries to predict future sales based on the new information.
If this doesn't happen, the focus remains on games that are upcoming and Hot Buys at retails stores, keeping the exchange more in touch with the Industry as a whole, and maintains more accurate predictions on games when it still matters to everyone else in the industry. This would in fact attract more players to the exchange because it more directly impacts them because they are discussing games, both upcoming and released, and they are interacting with them at the same time. Its more fun to predict how a game might do than to regurgitate sales info from a site when there is no other piece of information to go on.
With that said I think we should look at how exactly we should approach the process of delisting stocks. There have been a number of proposals put forth already, I think it would help to discuss which of these is best, or if some combination of them would be the best way to go about things.
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Do we know that what VG Chartz is listing is accurate or not? I think it's fairly safe to say its not that accurate because they aren't terribly accurate at any other point in their predictions.
What happens is we pass a point where no one else tracks the games and they get down to several thousand a week in sales and only VGChartz is listing the sales, then the prediction listed by VGChartz, which up to that point was between 20-100% off suddenly becomes the only piece of information and the stock adjusts.
At that point we no longer are really a prediction market and more of a VGChartz market tracking what they say a game has sold.
This is what I propose we do to fix this problem.
The industry seems to care about games in general for about 3-6 months. Some games last a bit longer than that, especially popular games and those should take longer to delist, but most games are pretty much settled into a set pattern by that time.
On the SimExchange, at that point all of the sudden we start adjusting the price by what VGChartz says. I'm arguing that instead we delist the stock.
There are a couple of options that might upon up a stock for trading again after it's been delisted, all involving new pieces of information that no one can really predict (You can't honestly say you expected the Red Steel information).
Some of these pieces of information may include press releases with stated sales information, announcement of a game going Platinum or some other form of information that affects our previous predictions.
At this point we take the new piece of information into account and relist the stock accordingly and then The SixExchange tries to predict future sales based on the new information.
If this doesn't happen, the focus remains on games that are upcoming and Hot Buys at retails stores, keeping the exchange more in touch with the Industry as a whole, and maintains more accurate predictions on games when it still matters to everyone else in the industry. This would in fact attract more players to the exchange because it more directly impacts them because they are discussing games, both upcoming and released, and they are interacting with them at the same time. Its more fun to predict how a game might do than to regurgitate sales info from a site when there is no other piece of information to go on.
With that said I think we should look at how exactly we should approach the process of delisting stocks. There have been a number of proposals put forth already, I think it would help to discuss which of these is best, or if some combination of them would be the best way to go about things.