Long Derivatives, Short Acct 101. Growing Ultrinsic.com allows betting on grades
WSJ just ran an article on Ultrinsic.com, a site that allows students to wager on their own grades at values dependent on their GPA. Administrators are not surprisingly appalled by website and students' ability to go long, or short, their own academic marks.
The site is expanding to new campuses fairly quickly for the upcoming fall semester so check it out if you're willing to manipulate your grades to take advantage of any arbitrage opportunities that exist for a little extra cash
The full write up is at http://online.wsj.com/article/SB10001424052748703…
IMHO, it's deplorable. The entire country is turning into a casino- filled with potentially riggable games.
Can't wait until profs can bet on students' grades. Your grades will depend on whether your prof bet you'd do well or get a bad grade this semester.
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