Will this question close at exactly 13% at the end of August 2023?
107
990Ṁ17k
resolved Aug 31
Resolved
YES

Get
Ṁ1,000
to start trading!

🏅 Top traders

#NameTotal profit
1Ṁ1,008
2Ṁ732
3Ṁ656
4Ṁ532
5Ṁ306


Sort by:
predictedYES 1y

WOOOHOOO YEAAAAA

predictedNO 1y

Oh no. It finally happened

predictedNO 1y

@JosephNoonan Unless he actually meant exactly 13%, based on the API and not just the rounded display value.

predictedYES 1y

Marcus Abramovitch bought Ṁ18 NO at 8% 5m

nearly put me off, but mana all tied up at end of month

predictedYES 1y

@JosephNoonan but but but, I told it to buy up to 13%

predictedNO 1y

@ChristopherRandles You probably had some help from the fact that these types of markets get less attention now than they used to. No one pounced on it last minute. If I had seen it, I would have tried selling some of my NO last minute, just enough to bring it to 14%.

predictedYES 1y

@JosephNoonan yes I figured end of month, lots of claims ending might help keep it quieter Thought it might be worth the risk.

First one :)

1y
predictedNO 1y

@JosephNoonan Then why not buy it down to 1%?

predictedYES 1y

@JosephNoonan Joseph "nothing ever happens" Noonan - as he shall be henceforth known

predictedNO 1y

@HartTraveller I didn't say nothing ever happens, just that this never happens. This is the first time it ever happened.

predictedYES 1y

@JosephNoonan I know just teasing 😉

predictedNO 1y

@HartTraveller I see you have been buying YES at prices above 13%. Just want to make sure you know that there is a limit order option (the percent button) where you can specify a price and an amount so that if the market price ever drops below your specified price, you buy automatically.

predictedYES 1y

@BoltonBailey good to know, thanks!! How difficult do you think it is to close it 'Yes'?

predictedNO 1y

It's an interesting question. The limit order strat suggests the price should never be above 14. But if we made markets like this for different target probabilities every month to infinity and made a bunch of bots to bet according to different probabilities, then presumably these bots would eventually price the market correctly. Does this mean that the difficulty of getting it to resolve yes depends on the target probability? I'm not sure.

predictedNO 1y

@BoltonBailey This is a bit more concrete for markets with resolution criteria like "Will this question close below x%?" - in that case you can make the limit orders both above and below, and the probability really does get forced toward x.

1y

@BoltonBailey This has been tried a lot and it almost never works. Because the theory doesn’t matter, ot just comes down to a bunch of people placing bets in the last couple seconds.

predictedNO 1y

@alexbusuioc Extremely difficult. This is a very common type of market, and not a single one has ever resolved YES. As for whether the target probability affects the chances of a YES resolution, I think it certainly does. If the target probability is very high, there's a much smaller chance of it resolving YES because no one will want to bet it up to that value and try holding it there.

predictedYES 1y

@BoltonBailey Thanks! I know, I'm just messing around and having fun

predictedNO 1y

@HartTraveller @BoltonBailey I think 13 is a sweet spot to give Yes a chance to win maybe? As you (imo) correctly intuited, if the question was 85% what incentive does a trader have to even go for Yes? But, if it were say 1% I think that would take a large amount of capital to defend? So, perhaps 13 is the sweet spot. Having said that, I think it's too fine a point to win. There's just too much cardinality to effectively defend a single percent. In September, I might try this with a range of 10-15.

1y

@JosephNoonan I take it limit orders aren't a viable strategy to stabilize it to a certain % because they have a delay associated with them?

Gosh, it would be nice if they were instant. It would make the game theory more interesting, I think.

1y

This market should be marked "non-predictive"

predictedYES 1y

@BoltonBailey how can I mark it "non-predictive"?

predictedNO 1y

@alexbusuioc You know what, I don't actually know. If you click on the menu for the market, you can see there's a switch, but I can't click it, and I also can't click it for my own markets. Someone should ask on the discord.

1y

@BoltonBailey It’s done manually by admins.

What is this?

What is Manifold?
Manifold is the world's largest social prediction market.
Get accurate real-time odds on politics, tech, sports, and more.
Or create your own play-money betting market on any question you care about.
Are our predictions accurate?
Yes! Manifold is very well calibrated, with forecasts on average within 4 percentage points of the true probability. Our probabilities are created by users buying and selling shares of a market.
In the 2022 US midterm elections, we outperformed all other prediction market platforms and were in line with FiveThirtyEight’s performance. Many people who don't like betting still use Manifold to get reliable news.
ṀWhy use play money?
Mana (Ṁ) is the play-money currency used to bet on Manifold. It cannot be converted to cash. All users start with Ṁ1,000 for free.
Play money means it's much easier for anyone anywhere in the world to get started and try out forecasting without any risk. It also means there's more freedom to create and bet on any type of question.
© Manifold Markets, Inc.TermsPrivacy