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palladias comments on Open Thread, April 27-May 4, 2014 - Less Wrong Discussion

0 Post author: NancyLebovitz 27 April 2014 08:34PM

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Comment author: palladias 29 April 2014 02:19:06PM 1 point [-]

At CFAR workshop all participants were real people. But they still missed an existing opportunity to abuse the system: there were rewards for winning, but no punishment for losing. So two people could agree to transfer a lot of bits from one to another, and split the price afterwards.

Not quite true. I ran the markets, and I did threaten to fearsomely glare at people who were abusing the system. (And my glare is very fearsome).