Monday, February 1, 2010

critique on FameLeague presented by Cedric et al.

(digression: for a while I kinda pondered, why they chose to make a seminar topic on this 'loser' app, since what Cedric repeatedly and elaborately described is the other prediction market thing. whaha I understand they must have been through a hardtime after making this decision:P)
so much as I can recall:

prediction market has a huge potential, we know not why it works though. Yet many a incidents well known out there have proven its stunning precision, certainly a boon to bookies. It will be revolutionary if proven universally applicable. Companies will certainly benefit from it in terms of making decisions. however, If everyone gets to make use of the prediction market, the whole commercial world will behave differently from what we see now. As how? I don't know, it's too complicated to analyze with my little knowledge, but things confirm gets to change. Or, maybe overuse of prediction market will make it become less effective compared as it is today. (imagine if all the bookies in the world start to rely on it..)

The app itself is not successful, given the amount of effort they put in to build it(this I can see from its complexity) and its current popularity.
I played for a while last night, and found exactly as Cedric said, that it too complicated qua a facebook app, and indeed, the actual app page is directed to its own website.
There appears to be no focus. For a while I thought this was some kinda flash SIM type game. Later I realized I was dealing with some sort of virtual stock market, yet I couldn't grab the mainline of the game's purpose.
The information is overloaded, when I first looked at the page, I spent a long time trying to figure out where to start my next action. Even if it will eventually prove some fun in gameplay, most users wouldn't last that long to find out before they leave permanently. So imo, it MAY be fun, but it's really awful to get started, and in nature SNS users bear little patience.

I agree with Cedric's suggestion of improvement: make it simpler, focus on one of its compelling features and make it more interesting so the user can easily find the killing attraction and therefore stick to it.
After all, a very important point is, there ARE potentials and opportunities for this kind of apps. If the developers build on what they already have, and exploit further on its potential while wiping out the retarded parts, they can still make the app a very successful one. The key is whether they are willing to go for it, or are they just fearful to change what is already there.

The idea that title 'Fame league' conveys is quite novel and interesting, as someone mentioned in early presentations that man has 7 sins, being Pride one of them. If captured properly, an app will surely receive a high popularity by catering for ppl's desire for pride. If Fame League fails to reshape itself , there will still be other apps taking the idea over and prosper. same works for the prediction market idea.

that should be all for now..

7 comments:

  1. prediction market depends on crowd wisdom.

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  2. I actually think prediction markets are too serious for facebook, it functions like a stock market but predicts events that have yet to happen, so it will exist much better as a seperate entity governed by the market, instead of a 'fame league' app..

    On the other hand, I don't think I've seen a stock market game yet.. Hmm.. maybe its time to build one.

    Orry

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  3. Actually our main intention is to tell everyone that ideas can be novel and beautiful, but if it was executed wrongly, then it might not be successful.

    And we also suggested that FameLeague can be used as a proof of concept, and start by making some predictions first. If it was really as accurate as what it was said to be, they can then license this EVE engine (The prediction market engine) out to companies who are interested in it. Therefore earning much more $$..

    - Hong Jun

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  4. I think the app doesn't work on facebook. The things it predicts are not interesting for normal people. And people like me just cant get interested in such kind of app. I may be more curious about whether it can guessed what I ate for dinner last night(just kidding).

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  5. And we also suggested that FameLeague can be used as a proof of concept, and start by making some predictions first.

    A bit vague the plan. anyway Fame must gain popularity first, then move on to the next stage, say prediction market, and now its biggest problem is the lack of users, which is the base for a prediction market business. They better concentrate on the fame thing, make it fun to play, once they'v achieved a stable user legion, then expand to other business.

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  6. I think it's a damn interesting idea. Poor execution aside, I think Facebook is the best place to further develop such a concept.

    An improved version of the app could ask its users for their opinions on any issue under the sun that its algorithms suggest that the user would take an interest to. This information could then be sold/ provided to the relevant companies that require such information.

    Higher prices could be charged for more detailed 'polls'. With a large enough user base, I'm sure this could prove to be a great business.

    -reuben

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  7. hmm.. i've seen a lot of your comments, some of you thinks that the prediction market's a rather complex concept for fb. While I might not totally agree. Think of it like a black box. You dun nid to know why it works, just that it works. In this case I think it can be applied to facebook. In fact if Fame League was more focused and implement much simpler game features that is engaging and interesting, I don't see why won't this work. You don't have to advertise that it's prediction market, just as long as that a lot of people play it, it works!! The miracles of prediction market >w< In any case, i think fame league should push for a proof of concept first before they expand on it >w<

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