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