TRADING GAME : ECONOMICS CHALLENGE 3
This is Challenge 3 of the 6 week economics challenge series by @spectrumecons.
This challenge allows me to trade with $10 million. I can buy any commodity from any of these city on DAY 1 and sell in any city on DAY 7.
- Crunchy Town
- Meteor City
- TyrantVille
- Riddle Widdle Town
- Grudge Town.
PRICE ON DAY 1
Using the triangle distribution.
Here is the price on DAY 7
Here is my solution for the triangle distribution.
This is a table for the cheapest price I can buy any of the commodity
An average for the day 7 price of goods. Estimated from the triangle distribution.
This give the best price I can sell any of the commodity.(extrated from the average price in 2 above)
From the above statistics it is no doubt that as a economist, I will be giving my money to the commodity that can get me the best output in the same limit of time.
I will buy 4,000,000 pound of copper with all my money ($10 million) from meteor city and on day 7 I will sell at grudge town at an average rate of $5. Giving me an amount of $20 million and a gain of $10million.all calculations were done on a spreadsheet and my answers were extrated from it.
Good read.
Are you planning to join @originalworks this weekend and write about FarmaTrust ? Your previous post about Crowd Machine has been really easy to read. I think you should join this contest again :)
Also I've made my first contest ever. Would you mind checking it out and sharing your feedback? And perhaps also commenting as Im interested what is your view on discussed issue:
https://steemit.com/blockchain/@crypto.piotr/mini-contest-how-ai-supported-by-growing-blockchain-technology-can-change-the-world
I would really appreciate if you could share some of your experience with me :)
Cheers, Piotr
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