I would like to provide another suggestion for the level system.
As was posted here the within-month competition makes managers to make very risky bets as a way to outdo other managers. If you look anything about order statistics (check your mathematical statistics book) if there is a sufficient number of managers that make risky bets, no slow-and-steady kind of manager would be able to level up.
What I suggest is that the leveling could be multi-criteria (like a Google page rank):
- As posted by other members of the community, the level system could consider the amount of their own money a manager invests. Having skin in the game is always helpful to diminish the incentive to face too much risk.
- The system could of course consider the performance within the month (as it is right now).
- But the system could also consider long term performance. For instance, x% weight given to current month performance plus (100-x)% weight given to the last three months (or even last year or all-time) performance.
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