In today's standup, Stephen and I came to a strong disagreement: whether "Betting Streaks" or "Market of the Day" is a better feature for improving our retention, and ultimately, our daily active users/DAU. So, let's put it to the market!
"Betting Streaks": Give users M$5 for betting on day 1 of a streak, then M$10 on day 2, M$15 on day 3, etc. while the streak remains unbroken. Maybe capped at M$25 or something.
"Market of the Day": Highlight a single market each day, eg pinned to the top on the home feed, where we encourage most Manifold users to bet along. Ideally the market resolves the next day, to give traders fast feedback.
How this market will be resolved:
Anyone can leave a comment with a score/10, judging how good they think the feature was at improving our retention and DAU. E.g. "[JUDGE] Streak: 5/10; MotD: 8/10"
Manifold core team scores count 3x
You can update your decision; your last score before market close is the one that will be counted
At market resolution, the sum of the scores determines how this market resolves.
Resolves to N/A if both features are not implemented by market close.
Aug 20, 11:28am: To calibrate your judging, this is what I had in mind:
0/10: This feature singlehandedly caused our entire userbase to churn
2/10: This feature was ultimately a waste of time, we've taken it out
5/10: This feature was basically neutral; if could flip a coin between having and not having this feature, I would be completely ambivalent.
8/10: Very happy we did this feature, no one's even considering removing it now
10/10: This feature singlehandedly gets us to hockey-stick product market fit
My personal impressions on a variety of recent initiatives, at this point in time:
Challenge Bets: 3/10
Groups: 4/10
Multiple Choice Markets: 4/10
Limit Orders: 5/10
Referrals: 6/10
Rich Text Editor: 7/10
Salem Center Tournament: 7/10
Unique Trader Bonus: 8/10
🏅 Top traders
# | Name | Total profit |
---|---|---|
1 | Ṁ1,544 | |
2 | Ṁ1,057 | |
3 | Ṁ219 | |
4 | Ṁ110 | |
5 | Ṁ71 |