Want some shares of Google stock? All you need to do is estimate the opening and closing price of the stock on the first day it trades. Google IPO Swami will then give the person with the closest answers shares of Google.
The winner of the contest will be the person whose guess has the minimum distance from the actual opening and closng prices.The minimum distance is defined as the sum of the squares of the difference between your guesses for opening and closing price and their actual values. Ties will be settled by a random drawing. The winner will receive 10 shares in Google.
Who is the Google IPO Swami? Well according to WhoIs, it is a one Tim Ogilvie of Boston Massachusetts. He is interested in how well "the crowd" can predict the price of Google's stock when it IPOs.
According to the contact page at Google IPO Swami, "I'm gathering data because I think they may be able to help predict the price of shares under the auction model and be a good tool for determining a fair price for securities offered in an auction format. I'm interested in topics like game theory and bayesian statistics and predictive modeling and will likely use a few of these techniques to analyze the data. I'll be keeping my day job".
Discuss at the Band of Gonzos Search Engine Forum
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