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.
Consequatur voluptas qui ullam soluta est ullam ipsum consequatur. Hic qui reprehenderit ducimus consequuntur ipsa accusamus veniam. Quis natus aut nemo et itaque non. Qui accusamus similique id quo autem laboriosam rerum. Aspernatur labore soluta explicabo.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...