Self-referential questions, why aren't they allowed?
http://www.hubdub.com/public/goodques...
22.3.5 Hubdub Category
* Self-referential questions like “Will this question get on the homepage?” or “Will this question get H$100,000 in predictions?” are not allowed and will be voided
Why aren't these questions allowed?
I made one, and it could be settled... so why aren't they aren't they allowed?
22.3.5 Hubdub Category
* Self-referential questions like “Will this question get on the homepage?” or “Will this question get H$100,000 in predictions?” are not allowed and will be voided
Why aren't these questions allowed?
I made one, and it could be settled... so why aren't they aren't they allowed?
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Inappropriate?Let's say I'm at, or near, the top of the leaderboard, and I have H$150k that I cant find any predictions worth investing in. I start slowly feeding H$ into this question, I don't have to rush since I have a whole week. I invest in small, but ever increasing predictions until I increase the percentage of No predictions as it looks like this will certainly be No. Then, at the last moment I put enough H$ into Yes to make the outcome certain.
It would take a fair amount of effort, and other HD users following my lead (on No) to make this profitable, but that is why self-referential questions are not allowed.
I’m sorry I had to explain this to you twice 8^)
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Inappropriate?but what about a question "Will this answer be settled as 'no'?" there is no way you could game that question... is there?
I’m pwning my dad :D (if you didn't figure this out from previous posts, AnAverageAmerican is my dad)
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Inappropriate?You are right but you can't settle it as either a Yes or a No either! Self-referential questions are generally either very easy to game or impossible to settle. That's why we don't allow them.
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Inappropriate?I thought the "Will this question settle as No?" was pretty clever actually, though I understand why it could not be allowed. It was much better than the "Which Hubdub admin will settle this question?", which obviously cannot be settled.
I’m enjoying the cleverness of the questions
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Inappropriate?Of course it can be settled, and has been settled
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Inappropriate?== I'm sorry I had to explain this to you twice 8^) ==
Asking questions more than once can be a 'good thing' ...
(except, maybe, the proverbial 5-year-old repeating "why" to *everything*)
I’m still asking the same questions about President Bush, after he has "explained it" several times ;-d
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Inappropriate?For the sake of argument let me rephrase the question:
"At the suspend date will the 'no' percentage be higher than the 'yes' percentage?" - I feel that that is settlable (if that's a word, meaning 'able to be settled')
I’m not arguing, I'm asking
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Inappropriate?Skipper -- The question may be able to be settled, with, as you said, one percentage higher than the other -- however I think the first part of Nigel's answer is the applicable portion.
He said, "Self-referential questions are generally either very easy to game or impossible to settle."
In this instance, that the question is so easy to game is why it's disallowed.
I’m glad you're asking = )
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Inappropriate?how is 'Will the 'no' percentage be higher than the 'yes' percentage at suspend date' easy to game? If you put money on 'no' you think 'yes' will be higher, but yes goes down; if you put money on 'yes' you think 'no' will be higher, but 'no' goes down. It is a paradox...
I’m confused in a good way :D
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Inappropriate?Maybe changing the words might help in explaining it ... if the question had two answers, but instead of "yes" and "no", the terms were "Apple" and "Orange", the question would be:
"Will the 'Apples' percentage be higher than the 'Oranges' percentage at the suspend date?" (And the two answer choices, instead of "Yes" and "No", were "Apples" and "Oranges".)
Now, suppose at a minute before the suspend date and time, the percentage for Apples is 55% and the percentage for Oranges is 49%. At this moment in time "Apples" is/will be the "winner".
With a minute to go, and say H$ 5,000 of activity in the market, I place a H$ 100,000 prediction on "Oranges".
Bang! "Oranges" wins, and I get an amazing return! -- (assuming no other predictions are made after mine ;-) ... and I have successfully gamed the system.
The same would hold true with the "Yes" / "No" choices:
"Will the 'Yes' percentage be higher than the 'No' percentage at suspend date?" -- and, at a minute before the suspend date and time, the percentage for YES is 55% and the percentage for NO is 49%. At this moment in time "Yes" is/will be the "winner".
With a minute to go, and the same H$ 5,000 of activity in the market, I place a H$ 100,000 prediction on "NO". Bang! I win. (In doing this, BTW, my thinking is that "NO" will win.)
I could also have placed the same amount of H$ on "Yes" -- and, in this example, I would also win -- just a little bit less ;-)
I win because I controlled the outcome of the question.
I’m gonna go make a fruit salad ...
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Inappropriate?TruthWrangler, it doesn't work for "Will 'yes' percentage be higher than 'no'?" but it does work for "Will 'no' percentage be higher than 'yes'?" because by putting on 'no' you bet against yourself.
Secondly, how can you have 55% and 49%... they equal 104%...
I’m frustrade that I made this thread...
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Inappropriate?Ummm ... sorry -- I see that I changed the order of the specific question you asked, which was:
Will the 'no' percentage be higher than the 'yes' percentage at suspend date'?
Using the same example information as before, suppose that, at a minute before the suspend date and time, the percentage for NO is 55% and the percentage for YES is 49%. The two answers are "Yes" and "No".
At this moment in time, the way the question is worded, "No" is the percentage-winner (55-49%), and "Yes" is/will be the "winning" prediction that pays H$.
With a minute to go, and the same H$ 5,000 of activity in the market, I place a H$ 100,000 prediction on "YES". Bang! I win -- the result is that the "No" percentage is not higher than the "Yes" percentage at the suspend date. (In doing this, BTW, my thinking is that "YES" will win the percentage gain, with the result that "NO" will win me the big H$.)
Because the person settling the question would have to go through all of that, and because it would likely cause a good deal of user confusion, and because anyone with enough H$ could control the outcome of the question, questions like this (which are very, very clever!) aren't allowed.
(A less-clever question would have a "negative" in it -- like "Will Barack Obama not be elected as President? Politicians sometimes word legislative bills in that manner, so that the legislator has to vote "no" in order for the bill to "pass" -- then the politician has to try to "explain to the public" why s/he voted "no" on a bill they were in favor of!)
I’m thinking of the old question ... "3 guys go to get a hotel room, they each have $10 ... what happened to the extra dollar?"
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Inappropriate?Secondly, how can you have 55% and 49%... they equal 104%...
"I knew that ... I was testing you ... "
NOT!
Well ... I missed that one!
I’m hoping the rest of it added up correctly :-|
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Inappropriate?Skipper -- on
secondthirdfourth thought, I think you're right about your question: "Will the 'no' percentage be higher than the 'yes' percentage at suspend date' easy to game?"
It can't be successfully gamed, and I think my answer goes way beyond the constraints of the Hubdub board.
I’m thinking I ought to have learned from your dad's reply (below).
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Inappropriate?After all this my head hurts, but I think this brings up an important question. I'm glad however to see a discussion on a forum that didn't become a flame war (I'm even gladder (more glad?) that I was part of this question)
I’m happy and thankful that the question has been discussed thoroughly!
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Inappropriate?Yeah, but he's not your kid 8^)
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Inappropriate?It might have been settled, but I don't think it should have been. I've left comments on the question explaining my reasoning.
http://www.hubdub.com/e/Market/Which_... -
Inappropriate?http://www.hubdub.com/e/Market/Will_t...
I'm afraid this question can be very easily gamed. Every time someone places a prediction it moves the price. Therefore say this question was currently trading as 40% Yes and it was 2 minutes to suspend. The one of the top users could come in and bet $20,000 on Yes. That would have the impact of moving the price to around 60% and they would have the result of guaranteeing them a riskless profit.
Move to void...
I’m happy
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Inappropriate?Consider: If your scenario is taken, the final correct answer is "No" since the question has more on Yes [thus, the question "will the no option be more" is false]. So, in effect, the $20,000 is lost.
I’m smart
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Inappropriate?OK, you have me, brain on slow.
Move to void clearly overruled through superior logic, happy trading!
(I'll be interested to see how this one turns out...)
I’m happy
1 person says
this answers the question
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Inappropriate?Nigel, rohan just described to you what I have been trying to do all thread :D
I'm glad this got sorted out, reminds me of a book I'm reading _Catch-22_
Glad it's all figured out :D
I’m happy this got sorted out!
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Inappropriate?It is an interesting question. I guess it has a natural equilibrium of alternating immediately above and below 50%. It is in each user's interest to move the price towards 50% but not past it. But then other users may have a position the other way and then they would be willing to sacrifice a small bet in order to win the big one...
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Inappropriate?BTW Great book
(Sheepishly admits) I've been told as I never made it past the first chapter... -
Inappropriate?You have to get past the first couple of chapters of Catch-22 before any of it starts to make sense. I never thought I completely understood it, but it definitely was highly confusing at the beginning.
I’m enjoying the conversation
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