Doesn’t this incentivize people to convince other people to adopt bad investment strategies? To actually incentivize everyone trying strategies that maximize expected value simplicio could award each player some fixed multiple of the money they make (maybe up to some reasonable cap).
To avoid the mentioned risk-seeking behaviour, you could split your $50 proportionally to the amount of virtual money made.
Doesn’t this incentivize people to convince other people to adopt bad investment strategies? To actually incentivize everyone trying strategies that maximize expected value simplicio could award each player some fixed multiple of the money they make (maybe up to some reasonable cap).
It does. I haven’t been considering communication among players.