Patent ID: 6236900
Filing Date: 2001-05-22
Classification: G06Q,G07F

Abstract:
A method for conducting a competitive speculation forum, the method comprising:initializing the competitive speculation forum, including defining the competitive speculation forum with a set of future events, associating with each future event the time that the future events will occur, an expected outcome of the future event, and probabilities for possible outcomes of the future event; andrepeatedly receiving an event;when the received event is a play submitted by a participant,recording the play, including a predicted outcome for one or more of the future events and a number of points representing a risk associated with the play;when the received event corresponds to a resolution of a future event using an actual outcome of the future event,for each play submitted by each participant,calculating a point outcome for the play, the calculation based on a risk associated with the play, a length of a time between submission of the play and resolution of a future event with which the play is associated, a measure of the degree by which the actual outcome exceeds or falls short of an expected outcome associated with the future event, and a probability associated with the future event;until a culminating future event from among the future events defining the competitive speculation forum is resolved.