Stocky

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Project presentation on Startup Jam Baltics.

Published in: Business, Economy & Finance
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Stocky

  1. 1. STOCKY – play and predict the future Domas Monkus domas@nous.lt Nous www.nous.lt
  2. 2. Who are the winners of Eurovision? ● Polls ● Expert opinions ● Statistical models ● „You mean who I'd like to win?“ ● Insincere disclosure ● Incomplete information
  3. 3. Prediction markets ● Stocks are tied to events ● Stock payouts depend on the outcomes ● Stock prices correlate with the probabilities
  4. 4. Prediction markets The benefit? Accuracy! Iowa Electronic Markets: 2008 US President election Democrats Republicans
  5. 5. Prediction markets Why? ● „Wisdom of the crowds“ (J.Surowiecki) ● Incentives for information discovery and truthful revelation of beliefs ● Efficient market hypothesis
  6. 6. Stocky Demokratai Respublikonai
  7. 7. Why facebook? A channel for: ● User acquisition ● User activation ● User retention ● User referrals High trading volumes and thus a large user base is necessary for forecasting accuracy.
  8. 8. What's next? ● More markets ● Geo and social market recommendations ● Paid markets ● Growth
  9. 9. Public beta! http://apps.facebook.com/stocky_beta/
  10. 10. Thank you

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