AI Olympics 2000
Virtual Stock Market Standings
The numbers are gains or
losses
for the entire duration of the event.
Rankings are to-date standings based only on amount of gain or loss:
(they don't include any participation bonuses; these are changes from initial value)
|
Cannons |
Donalds |
Bodies |
Sounds |
|---|
| Mon, Jan 24 |
-42,550.00 |
0.00 |
104,150.72 |
-34,084.28 |
| Tue, Jan 25 |
-53,787.50 |
1,981.25 |
370,343.22 |
12,049.55 |
| Wed, Jan 26 |
-160,805.94 |
-29,121.25 |
368,958.91 |
-10,265.83 |
| Thu, Jan 27 |
-163,952.97 |
464,641.38 |
367,635.97 |
-1,270.31 |
| Fri, Jan 28 |
-210,213.27 |
1,358,828.56 |
368,866.25 |
-24,031.30 |
Date: Sat, 29 Jan 2000 22:24:49 -0500
To: olympians@ai.mit.edu
Subject: Virtual Stock Market results
The week that we let AI Labbers loose on the financial markets, the
Nasdaq had its second biggest point-loss ever, and the Dow Jones
Industrial Average fell nearly 300 points. There are even rumors that
the Federal Reserve will be "forced to take aggressive action next
week" to put the economy back on track. Coincidence?? Thinking back,
I recall that the last time we tried this event like this, 1987 --
October, I think it was -- had a similar outcome. Next time I'll have
to remember to liquidate and buy Krugerands before the event starts.
Keeping pace with the performance of high-visibility stocks, this year
showed by far our highest variance ever in team performance. For the
first time ever, participation didn't matter a whit, as the final
values were separated by a greater dollar gap than participation could
possibly have compensated for; in any case, participation was both
widespread and fairly even. Members of two teams "figured out the
system" and had their way with the markets; one dedicated member of
the Donalds earned well over a million dollars in less than a single
24-hour period! (You have to ask yourself why Olaf keeps his day job.)
Congratulations to the Donalds for their astounding 130% gain in one
week, earning them the undisputed first place in this event. The
Bodies scored a very impressive 35% gain in a single week of trading,
but were held to 2nd place. Only if you could have signed up another
100 people on your team and had them all trade...
The Sounds bounced up and down but ended roughly even, while the
Cannons pull up the rear with all-time record losses, having traded
more securities more actively than any other team. It's worth noting
that their 20% loss in a week even embarrassed the Nasdaq's near-
record loss for the week of almost 4%.
Given the near catastrophe on Wall Street from this week, I think it
prudent to officially close the Virtual Stock Market for the duration
of the year. Hopefully, next week the market will be able to recover.
If not, LCS might start crowding our building again...
PLACE TEAM FINAL VALUE PEOPLE SCORE
===== ========== =========== ====== ==========
1 Donalds 1,358,828.56 16 1,518,828.56
2 Bodies 368,866.25 14 508,866.25
3 Sounds -24,031.30 16 135,968.70
4 Cannons -210,213.27 12 -90,213.27
--grg