Recently I discovered Texas Hold’em Poker on Facebook. I never really enjoyed playing poker very much, but to my surprise it is pretty interesting. Why? Because the more I play poker the more I realize how it is like trading.
Image courtesy Joe King
As I play, I immediately relate many things I have read about trading to what is happening in the game. It seems that many the information in books about trading is totally applicable to poker.
Huh? Sears and Facebook in the same sentence? Sounds weird, doesn’t it? Well, it’s true. Sears is gunning to be the next Facebook. It is integrating various social networking functionality into the shopping experience.
Sears may have been a boring old company in the past, but it is reinventing itself for the future.
As I continue to play Tycoon$, the popular Facebook game, I am struck by how useful it is as a learning tool. Many people write it off as a stupid or unsophisticated game, but I think that it holds many lessons for those of us who discover them. It is interesting to see how things have changed since my first post.
One interesting thing that has happened is that inflation has taken off within the game. Prices are up about 25% in the last month. What has caused this massive inflation?
Recently, I discovered the Tycoon$ game on Facebook. It is an economic simulation game, where you build a business and grow your “empire”. It is still in beta, but I found it very refined and completely bug free.
One thing that is really interesting about the game is that it gives us insight into how markets and economies work. Most people who make the rules for an economy (politicians) do not really know the effects of their policies. They have an idea about what they think is right, or what they think will happen. However, these ideas are based on opinion, or the unproven theories of economics.
Recently there has been so much talk about Twitter. And Facebook. Before that it was YouTube. The rates of adoption are greater than anything mankind (and womankind) has seen before. It got me thinking.
If this is the web 2.0, perhaps it took a few years to mature. Let’s say 3 years. So it started in 2006. That means web 1.0 which really got started in 1995, was 11 years old in 2006. So web 2.0 is happening perhaps 2 -4 times faster than 1.0. I don’t know how much longer 2.0 will last, but 3.0 is on the horizon.