Should markets auto-resolve-to-PROB if the creator doesn't resolve them?
10
206Ṁ584
resolved Apr 30
Resolved as
63%
This is a proposal that resolves to whatever the consensus is. I'm betting on my ability to make a convincing case! If the founders voice agreement/disagreement, it'll resolve YES/NO. Otherwise it resolves-to-PROB, beauty-contest style, post-quiescence. (That means whatever the final market probability is, that's what this resolves to, but the end date is extended until trading has quiesced.) Problem: It's super annoying when a market is closed but the creator hasn't gotten around to resolving it. Everyone's money is tied up, and who knows if the creator will ever actually come back. Sure, the creator earns a fee for resolving a market but I contend that no dangled carrots like that are going to put much of a dent in the problem of creators wandering off. Related problem: The "closed" vs "resolved" distinction is confusing and slightly messy, having to remember to specify "by X date" separately from choosing a market close date. Proposal: Have a single creator-chosen market deadline when the market auto-resolves-to-PROB if the creator doesn't resolve it before then. The creator is still free to change that date at will. If they want to keep extending it indefinitely, they can. Just that if they ever wander off, everyone knows when the market will resolve. It's similar to the current market close date, just that there's no such thing as resolving *after* that date. And to prevent sniping (pushing the probability to something crazy right before the deadline) also have the standard quiescence rule: the market doesn't close until the deadline is past *and* an hour has gone by with no trading. I think only a genuine deadline -- i.e., with genuine consequences -- will induce creators to getting around to resolving their markets. I also think that the final market probability is the best we can ever do for resolving a market without getting a verdict from the creator (that's the whole beauty of prediction markets, in fact). Related markets: 1. https://manifold.markets/MattPrice/will-manifold-implement-either-repo 2. https://manifold.markets/M/what-happens-when-market-creator-le-a60924d5a2b4 3. https://manifold.markets/IsaacKing/will-manifold-allow-us-to-set-a-res 4. https://manifold.markets/Undox/market-resolution-is-yes-but-undox In conclusion, I propose that every market have a single deadline that serves as both market close and latest possible market resolution, automatically resolving to the market's own consensus if the creator doesn't resolve it. And *this* market resolves to how good an idea that is, as determined by market consensus (or the founders weighing in).
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