Meetup : Auckland Preliminary Meetup
Discussion article for the meetup : Auckland Preliminary Meetup WHEN: 08 March 2014 02:00:00PM (+1300) WHERE: Albert Park, Auckland I got back from the second Melbourne CFAR workshop recently and it was good. It's well worthwhile having a local rationalist community and while there are some good thinkers in my...
Sorry, should've been more clear.
I've started work on a rudimentary play money binary prediction market using LMSR in django (still very much incomplete, PM me for a link if you'd like), and my present interface is one of buying and selling shares, which isn't very user friendly.
With a "changing the price" interface that Hanson details in his paper, accurate participants can easily lose all their wealth on predictions that they're moderately confident in, depending on their starting wealth. If I have it so agents can always bet, then the wealth accumulation in accurate predictors won't happen and the market won't actually learn which agents are more accurate.
With an automated Kelly... (read more)