Is it acceptable for a market maker to bet on their own market with an OBJECTIVE resolution criteria?
15
311Ṁ1879
resolved Feb 11
Resolved
YES

Here's how this works. I'm trying to figure out what Manifold norms & consensus are on various behaviors.

A big reason I create markets is because nobody has created them yet, and I want to make bets on those conditions! But sometimes it's tricky to specify a super objective resolution criteria from the get-go, and sometimes you can't really escape subjective resolution criteria, but you CAN be honest and up front about it.

So this leaves me in a position where I want to know under what circumstances Manifolders generally consider it okay for a market creator like me to make big bets in a market I myself created, provided it has an subjective resolution criteria.

So I created a market about that question:
https://manifold.markets/LarsDoucet/is-it-acceptable-for-a-market-maker

THIS particular market, however, is about the other case: when a market creator's market has essentially an OBJECTIVE resolution criteria. Is it okay for them to make bets (even big ones) on those markets?

Resolution criteria for THIS market:

  • I won't bet on this market

  • I will resolve it -- subjectively! -- based on the most persuasive arguments I hear in the comments

  • I will also take into account the voted probability, but just as weak additional evidence, so don't try to mechanistically manipulate the market resolution outcome on that basis

  • I'll resolve as soon as I'm convinced or within a week from now

If you have an opinion you'd like to register, note that I take persuasive comments as much stronger evidence than just betting up/down. Betting up/down is essentially a bet about what you think I'll be convinced by and will only minimally influence my resolution.

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