Which numeric market type do you prefer?
17
Mar 22
buckets
above/below thresholds
not sure

buckets:

above/below thresholds:

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Since they are both variations of multple choice, why not do both ? A tool that generates either from the multiple choice market seems like it would work fine.

@Odoacre Doing both is certainly ideal, but requires more work, e.g. the expected value calculation won't be the same. But given the results it does look more important to prioritize than I would've thought

@ian I don't know what you mean for EV calculation. It's hard to say without knowing what you have in mind (maybe you mean to make a new kind of market that behaves differently from the existing multichoice and the images you posted are just for illustration? In that case disregard the following).

However taking those images at face value they are basically the same thing, both are buckets, but one of them is mutually exclusive and one is not.

So the simplest thing would be to ask the user for a range and bucket size, generate a multichoice market prefilled with the correct buckets and have the user pick mutually exclusive or not.

@Odoacre I think Iā€™m just going to let the user choose on the numeric creation screen between buckets and thresholds

@ian That probably the safest choice. šŸ˜‰

Though I'm still confused about how things work.

The lower one is cleaner and gives me choices in a simple format and then can decide which is my favorable choice and then choose and get confused....lol

Is there a good design for a floating date/floating number market? Like over/under but with a median value which costs 50% on either side

Nothing stops there from being not just this 1:1 line but also 3:1 and 1:3 lines too where people give it get odds against more unlikely values.

This system has the benefit of not having to prescribe buckets and risking being wildly off in duration or resolution of the interesting area for predictions

@Ernie Not that I know of, although adapting the multi-choice with 'other' option to a numeric range that adds more answers when the current answers probs get low enough/'other' option gets high enough would be interesting.

Thresholds, because buckets needlessly force you bid on two bits of information (the upper and lower end) at the same time. Also, threshold answers can be resolved early.

@dp9000 I do love that they can be resolved earlier!

Both are good in different contexts. But buckets work better more often.

@SG See DP's comment: thresholds are easier to bet on for traders and surpassed threshold answers can be resolved early

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