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				|  | @ -118,6 +118,13 @@ function Contents() { | ||||||
|           </p> |           </p> | ||||||
|         </li> |         </li> | ||||||
|       </ol> |       </ol> | ||||||
|  |       <p> | ||||||
|  |         More questions? Check out{' '} | ||||||
|  |         <a href="https://outsidetheasylum.blog/manifold-markets-faq/"> | ||||||
|  |           this community-driven FAQ | ||||||
|  |         </a> | ||||||
|  |         ! | ||||||
|  |       </p> | ||||||
|       <h3 id="can-prediction-markets-work-without-real-money-"> |       <h3 id="can-prediction-markets-work-without-real-money-"> | ||||||
|         Can prediction markets work without real money? |         Can prediction markets work without real money? | ||||||
|       </h3> |       </h3> | ||||||
|  | @ -148,6 +155,40 @@ function Contents() { | ||||||
|         </a> |         </a> | ||||||
|         . |         . | ||||||
|       </p> |       </p> | ||||||
|  | 
 | ||||||
|  |       <h3 id="why-is-this-important-">Why is this important?</h3> | ||||||
|  |       <p> | ||||||
|  |         Prediction markets aggregate and reveal crucial information that would | ||||||
|  |         not otherwise be known. They are a bottom-up mechanism that can | ||||||
|  |         influence everything from politics, economics, and business, to | ||||||
|  |         scientific research and education. | ||||||
|  |       </p> | ||||||
|  |       <p> | ||||||
|  |         Prediction markets can predict{' '} | ||||||
|  |         <a href="https://www.pnas.org/content/112/50/15343"> | ||||||
|  |           which research papers will replicate | ||||||
|  |         </a> | ||||||
|  |         ; which drug is the most effective; which policy would generate the most | ||||||
|  |         tax revenue; which charity will be underfunded; or which startup idea is | ||||||
|  |         the most promising. By surfacing and quantifying our collective | ||||||
|  |         knowledge, we as a society become wiser. | ||||||
|  |       </p> | ||||||
|  | 
 | ||||||
|  |       <h3 id="how-does-betting-work">How does betting work?</h3> | ||||||
|  |       <ul> | ||||||
|  |         <li>Markets are structured around a question with a binary outcome.</li> | ||||||
|  |         <li> | ||||||
|  |           Traders can place a bet on either YES or NO. The trader receives some | ||||||
|  |           shares of the betting pool. The number of shares depends on the | ||||||
|  |           current probability. | ||||||
|  |         </li> | ||||||
|  |         <li> | ||||||
|  |           When the market is resolved, the traders who bet on the correct | ||||||
|  |           outcome are paid out of the final pool in proportion to the number of | ||||||
|  |           shares they own. | ||||||
|  |         </li> | ||||||
|  |       </ul> | ||||||
|  | 
 | ||||||
|       <h3 id="how-are-markets-resolved-">How are markets resolved?</h3> |       <h3 id="how-are-markets-resolved-">How are markets resolved?</h3> | ||||||
|       <p> |       <p> | ||||||
|         The creator of the prediction market decides the outcome and earns{' '} |         The creator of the prediction market decides the outcome and earns{' '} | ||||||
|  | @ -166,29 +207,9 @@ function Contents() { | ||||||
|         or even personal. (E.g. "Will I enjoy participating in the |         or even personal. (E.g. "Will I enjoy participating in the | ||||||
|         Metaverse in 2023?") |         Metaverse in 2023?") | ||||||
|       </p> |       </p> | ||||||
|       <h3 id="why-is-this-important-">Why is this important?</h3> |       {/* <h3 id="how-is-this-different-from-metaculus-or-hypermind-"> | ||||||
|       <p> |  | ||||||
|         Prediction markets aggregate and reveal crucial information that would |  | ||||||
|         not otherwise be known. They are a bottom-up mechanism that can |  | ||||||
|         influence everything from politics, economics, and business, to |  | ||||||
|         scientific research and education. |  | ||||||
|       </p> |  | ||||||
|       <p> |  | ||||||
|         Prediction markets can predict{' '} |  | ||||||
|         <a href="https://www.pnas.org/content/112/50/15343"> |  | ||||||
|           which research papers will replicate |  | ||||||
|         </a> |  | ||||||
|         ; which drug is the most effective; which policy would generate the most |  | ||||||
|         tax revenue; which charity will be underfunded; or, which startup idea |  | ||||||
|         is the most promising. |  | ||||||
|       </p> |  | ||||||
|       <p> |  | ||||||
|         By surfacing and quantifying our collective knowledge, we as a society |  | ||||||
|         become wiser. |  | ||||||
|       </p> |  | ||||||
|       <h3 id="how-is-this-different-from-metaculus-or-hypermind-"> |  | ||||||
|         How is this different from Metaculus or Hypermind? |         How is this different from Metaculus or Hypermind? | ||||||
|       </h3> |       </h3> */} | ||||||
|       {/* <p> |       {/* <p> | ||||||
|         We believe that in order to get the best results, you have to have skin |         We believe that in order to get the best results, you have to have skin | ||||||
|         in the game. We require that people use real money to buy the currency |         in the game. We require that people use real money to buy the currency | ||||||
|  | @ -199,28 +220,13 @@ function Contents() { | ||||||
|         carefully and can't rig the outcome by creating multiple accounts. |         carefully and can't rig the outcome by creating multiple accounts. | ||||||
|         The result is more accurate predictions. |         The result is more accurate predictions. | ||||||
|       </p> */} |       </p> */} | ||||||
|       <p> |       {/* <p> | ||||||
|         Manifold Markets is focused on accessibility and allowing anyone to |         Manifold Markets is focused on accessibility and allowing anyone to | ||||||
|         quickly create and judge a prediction market. When we all have the power |         quickly create and judge a prediction market. When we all have the power | ||||||
|         to create and share prediction markets in seconds and apply our own |         to create and share prediction markets in seconds and apply our own | ||||||
|         judgment on the outcome, it leads to a qualitative shift in the number, |         judgment on the outcome, it leads to a qualitative shift in the number, | ||||||
|         variety, and usefulness of prediction markets. |         variety, and usefulness of prediction markets. | ||||||
|       </p> |       </p> */} | ||||||
| 
 |  | ||||||
|       <h3 id="how-does-betting-work">How does betting work?</h3> |  | ||||||
|       <ul> |  | ||||||
|         <li>Markets are structured around a question with a binary outcome.</li> |  | ||||||
|         <li> |  | ||||||
|           Traders can place a bet on either YES or NO. The trader receives some |  | ||||||
|           shares of the betting pool. The number of shares depends on the |  | ||||||
|           current probability. |  | ||||||
|         </li> |  | ||||||
|         <li> |  | ||||||
|           When the market is resolved, the traders who bet on the correct |  | ||||||
|           outcome are paid out of the final pool in proportion to the number of |  | ||||||
|           shares they own. |  | ||||||
|         </li> |  | ||||||
|       </ul> |  | ||||||
| 
 | 
 | ||||||
|       <h3 id="type-of-market-maker">What kind of betting system do you use?</h3> |       <h3 id="type-of-market-maker">What kind of betting system do you use?</h3> | ||||||
|       <p> |       <p> | ||||||
|  | @ -249,6 +255,20 @@ function Contents() { | ||||||
|         to find out more! |         to find out more! | ||||||
|       </p> |       </p> | ||||||
| 
 | 
 | ||||||
|  |       <h3 id="private-markets">Can I create private markets?</h3> | ||||||
|  |       <p> | ||||||
|  |         Soon! We're running a pilot version of Manifold for Teams - private | ||||||
|  |         Manifold instances where you can discuss internal topics and predict on | ||||||
|  |         outcomes for your organization. | ||||||
|  |       </p> | ||||||
|  |       <p> | ||||||
|  |         If this sounds like something you’d want,{' '} | ||||||
|  |         <a href="https://docs.google.com/forms/d/e/1FAIpQLSfM_rxRHemCjKE6KPiYXGyP2nBSInZNKn_wc7yS1-rvlLAVnA/viewform?usp=sf_link"> | ||||||
|  |           join the waitlist here | ||||||
|  |         </a> | ||||||
|  |         ! | ||||||
|  |       </p> | ||||||
|  | 
 | ||||||
|       <h3 id="who-are-we-">Who are we?</h3> |       <h3 id="who-are-we-">Who are we?</h3> | ||||||
|       <p>Manifold Markets is currently a team of three:</p> |       <p>Manifold Markets is currently a team of three:</p> | ||||||
|       <ul> |       <ul> | ||||||
|  | @ -296,19 +316,24 @@ function Contents() { | ||||||
|       <h2 id="further-reading">Further Reading</h2> |       <h2 id="further-reading">Further Reading</h2> | ||||||
| 
 | 
 | ||||||
|       <ul> |       <ul> | ||||||
|  |         <li> | ||||||
|  |           <a href="https://outsidetheasylum.blog/manifold-markets-faq/"> | ||||||
|  |             An in-depth, unofficial FAQ by Isaac King | ||||||
|  |           </a> | ||||||
|  |         </li> | ||||||
|         <li> |         <li> | ||||||
|           <a href="https://manifoldmarkets.notion.site/Technical-Guide-to-Manifold-Markets-b9b48a09ea1f45b88d991231171730c5"> |           <a href="https://manifoldmarkets.notion.site/Technical-Guide-to-Manifold-Markets-b9b48a09ea1f45b88d991231171730c5"> | ||||||
|             Technical Guide to Manifold Markets |             How Manifold's market maker works | ||||||
|  |           </a> | ||||||
|  |         </li> | ||||||
|  |         <li> | ||||||
|  |           <a href="https://astralcodexten.substack.com/p/play-money-and-reputation-systems"> | ||||||
|  |             Scott Alexander on play-money prediction markets | ||||||
|           </a> |           </a> | ||||||
|         </li> |         </li> | ||||||
|         <li> |         <li> | ||||||
|           <a href="https://sideways-view.com/2019/10/27/prediction-markets-for-internet-points/"> |           <a href="https://sideways-view.com/2019/10/27/prediction-markets-for-internet-points/"> | ||||||
|             Paul Christiano: Prediction markets for internet points |             Paul Christiano on prediction markets for internet points | ||||||
|           </a> |  | ||||||
|         </li> |  | ||||||
|         <li> |  | ||||||
|           <a href="https://thezvi.wordpress.com/2021/12/02/covid-prediction-markets-at-polymarket/"> |  | ||||||
|             Zvi Mowshowitz on resolving prediction markets |  | ||||||
|           </a> |           </a> | ||||||
|         </li> |         </li> | ||||||
|       </ul> |       </ul> | ||||||
|  |  | ||||||
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