This market resolves on a random/unknown day in June 2025 (I have already secretly decided which day).
Each option resolves as their percentage on the closing moment.
I'm doing this to test whether it's possible to make self resolving markets that are fair by choosing random closing dates. My assumptions will be proved true if:
The percentage of each option will be similar
There won't be much volatility in the market
Volatility will decrease with time (instead than increasing)
People are also trading
Could you provide a hash of "the closing date + some additional text", so it cannot easily be reverse engineered?
https://emn178.github.io/online-tools/sha256.html
@SimoneRomeo It's a way to later prove that you really have already secretly decided which day without revealing the random/unknown day. But I guess such proof is not that important if you don't bet on the market yourself.
@tobiasscheuer not sure about ASCII but in Unicode you can use IPA tone markers:
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My assumptions will be proved true if:
The percentage of each option will be similar
There won't be much volatility in the market
Volatility will decrease with time (instead than increasing)
Suggested additional requirement that one of the options has an objectively verifiable truth value and probability (e.g. fairlyrandom 60-40 coin flip) and the market continues to remain near the hypothetical true odds that would apply if it were to be genuinely tested
@TheAllMemeingEye I dont know what the true value should be so I would abstain from mentioning such requirement for my prediction: it could be same as coin flip if it acts as a random market but if it acts as a poll - as I wish it does - the probability should be different.
@SimoneRomeo what do you mean precisely by acting as a poll? With a poll, one is counting the number of people who choose each option, with a market one is calculating the probability of an outcome from people's bets that are incentivised to align with their estimates of the probability
@TheAllMemeingEye you're right, it won't be like a poll. Maybe a voting system can be the right word? Meaning that betting on the market is like voting on what should be the right resolution