Term-based concept instruments
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United States of America Patent
Stats
-
N/A
Issued Date -
Jan 27, 2005
app pub date -
Jul 22, 2003
filing date -
Jul 22, 2003
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
The present invention provides methods and systems for allowing transactions in instruments relating to term-based concepts in a networked computer system. Concepts may be defined as a set of terms, such as words or phrases, that relate to a theme. The terms are useable in computerized searches. The set of terms may be determined manually, using a computer algorithm, or both. Concepts are valued, such as by a measure of advertising value. Instruments include concept futures as well as bets. Concept-based instruments can be used, for example, as hedging tools, speculating tools, market forecasting tools, or data generating tools.
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