First big meeting—18 Oct 2011: big picture stuff

Big picture Why does the audience trade? Why be active rather than passive? Is money-making the goal? doesn’t seem right at least not as only goal DEM’S “fun theory” HOW DO WE FRAME / PRESENT THE SHOW / TASKS GIVEN, FROM THE VERY BEGINNING: TO MAKE CLEAR WHAT THE GOALS ARE? TO ENCOURAGE ACTIVE PARTICIPATION ? —=+=— Is there a DISCONNECT between watching … Continue reading

First big meeting—18 Oct 2011: social media

Social media Twitter use for audience to give realtime feedback, information, disinformation etc could get co-opted by advertising for shows retweets by audience as proxy advertising (some benefit accrues to them then?) tweets — not on big board or post monitors maybe projected on walls? in the pit / trading floor feels like it should … Continue reading

First big meeting—18 Oct 2011: video

In attendance: David Kristin Video Closed-circuit video feeds! TRAILERS or ADVERTISING during T rounds one for each performance (possibly) could have cc video feeds of each performance during R? for audience who don’t / can’t buy tickets or want a different way of watching the performance maybe make it intentionally bad, or grainy, B&W etc? … Continue reading

First big meeting—18 Oct 2011: space

In attendance: David Kristin Space Trading posts — MULTIPLE? YES, one for each show So whomever is manning the Post only has to keep track of a single show’s tickets (in terms of price fluctuations, number of tickets available, etc) Will need a way of consolidating all of this information from 6 or 7 Posts into … Continue reading

First big meeting—18 Oct 2011: show mechanics + sequencing

In attendance: David Kristin Show mechanics FUTURES vs. OPTIONS are they too similar? in a way that would be confusing to the audience Think more about this as we develop it —=+=— Can the audience choose to give their money back at the end? Yes, but not in a “make them feel guilty” way (the … Continue reading

First big meeting—18 Oct 2011: currencies

In attendance: David Kristin Currency quarters increments to big? BUT very satisfying as money, the weight and size dimes too fussy? too small physically? (don’t feel valuable) nickels also too fussy? (imagine paying $1.75 in nickels — 35!) not enough payout at end? too heavy? ($10 = 200 nickels) We could try mixed coinage? 2 not 3 Should … Continue reading

Skype meeting—12 October 2011

In attendance: David Kristin Research new book: Boomerang Michael Lewis’ new book About the way the economic crisis has affected world markets / national economies …and really messed up certain countries, but in different ways for each —=+=—

Trader ID nos and vests, graphing software and database

Going along with previous note about barcodes and tracking indiv performance of aud members… I wonder if we give should everyone a yellow vest (like on Chicago Merc)  In that vest, or attached to that vest — maybe inside a clear pocket that is permanently sewn in — is a trader ID number or badge. … Continue reading

On randomness of winning streaks, and barcode tracking

The Drunkard’s Walk Audiobook: part 2, chapter 3, ending at 44:35 discussion of randomness and performance and how we misperceive the cumulative effects of success i.e. the difference between the odds of one specific individual in one fixed period of time hitting a winning streak based on purely random, coin toss decisions, vs. the odds of some ONE of many … Continue reading

Thoughts on final reversal / mirror to audience moment

What about mapping the density of audience surrounding a show with a graph that would show the rise and fall in the play market? It could be done very visually. Almost like the Minard map of Napoleon’s army’s march to Moscow and back but more interactive?

Phone meeting—2 October 2011

In attendance: David Kristin Script Will people feel locked in once they’ve committed to a piece? like they want to know how it ends? St Joan of the Stockyards — stuff about pricing other source texts? KM feels it’s more interesting to have original material Material related to concepts rather than just some random play … Continue reading

In-show trading mechanics

TRADE show mechanics – trading (PDF)

Thoughts on confederates / catalysts (“sellers”)

Could invite audience members to come back (for free) the next night, limited number maybe 10% of total audience max, maybe less than that maybe do at cash out (if use tokens) bc these would be people who played the meta game ok if transfer to friends if they themselves can’t make it, bc would … Continue reading

Use tokens not currency?

Ok, so maybe use tokens (a la poker chips) instead of actual US currency Then “cash out” at the end Tokens’ value to USD is constant Value to vignette performances fluctuates the “Endowment effect” behave like a “buyer”? (invested in the show they are selling, have endowment effect) behave like a “seller”? (just looking for … Continue reading

Thoughts on content, found texts, living playwrights

What if the content were existing texts? One earlier version could be using older texts, classic texts, “The Canon” etc texts that are out of copyright so we don’t have to deal with that But what if a LATER version or at least ANOTHER version was in fact using texts by living playwrights whom we … Continue reading

Thoughts on markets, overall structure of narrative

Distinction being made in The Worldly Philosophers between markets and market systems Market systems = a way of maintaining balance (development beyond tradition or force as a way of maintaining order and everyone doing their job) Market systems run society

Brainstorm: options markets

Options markets if a ticket is trading at $1 this round and I think it will be trading at $2 in 3 rounds I pay 25¢ for the option of buying the stock in a fixed period of time for a certain amount of money. clarification: If a ticket is trading $1 this round and … Continue reading

Brainstorm: competitive performances

if one performance starts to have a very high price… other performances start to offer directly competitive performances saying they have the exact same show but for less or perhaps they have a live feed that you can watch on a monitor of the high-priced show to create competition and attempt to drive down the price … Continue reading