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A noble experiment, I guess - but I'm afraid I don't understand why this is supposed to work.

I think Dave's response here was a very good one. I have a slightly different perspective which I'd like to share.

First, while both are 'markets' in a sense, the degree to with which individuals influence each of these markets is very, very different. In the 'real' markets, those who invest the most money cast the most votes, regardless of past track records. In CAPS, those with the best track records cast the most votes, regardless of the amount invested.

That is a fundamental difference which I believe can allow the CAPS market to beat the real one.


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