Right now my best friend and I are doing a booze-run bet. The terms of the bet are as follows:
- we each must run every day
- whoever does not run on a given day first, buys the other a bottle of Jack
There's no minimum requirement for the run but I think we're both giving it a "good faith effort," aka I'm putting in about 10 minutes a day (with the awareness that my DOMS will only get worse each day, I didn't think more than 10 minutes would be very advantageous).
Since she lives in DC and I live in Delaware, we are sending each other Snapchats every day as proof we have gone running.
What are good bets you've participated in, Hubski?
I am eight years in to a ten-year wager on the price of oil vs. Big Macs. The thesis is that, contrary to widespread perception, raw materials like petroleum are not becoming more and more scarce (and therefore expensive).
It was inspired by Julian Simon's The Ultimate Resource 2 and his famous bet on the price of raw materials.
I would have preferred to bet inflation-adjusted dollars against oil, but my friend had some reservations about the stability of the dollar, so I picked Big Macs as a (not very good) substitute. This seems to be working out in my favor, as the Economist has recorded an increase of 49% in burger price ($3.06 to $4.56) while the CPI (ftp://ftp.bls.gov/pub/special.requests/cpi/cpiai.txt) has only gone up 19% (196.8 to 233.546).