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Which measures should be imposed to limit this effect?
Please use this thread to post suggestions and to vote them up or down.
Discussion is here:
Knew The News · The Markets' Systematic Problems, Investment Limits, Cash-In Fines
markets, and enjoy them... One of the couple i didn't vote for was the "cash in ban a few hours before
the suspension"... I mistakenly thought that would be identical with simply moving the suspension earlier,
and it could simply be done that way... Of course, this would only invoke NO selling, but allow buying,
and that window would still be open... So, i shall see if i can change my vote..
Even though i am giving thumbs up to lots of these, perhaps, you needn't undertake all of them, since
they probably require a lot of reprogramming to modify.. So, perhaps just do a few of the most popular ones
and see if that helps the "problem"...
I shall see if i can reverse my thumbs down on that one question..
and remember: no discussion here, voting only!!
Please vote, although a late comer..
is the same as earlier one: "Adjust parameter in the market calculation that translates to its liquidity/initial size"
- Adjust parameter in the market calculation that translates to its liquidity/initial size
- Cash-in ban for a few hours after the prediction is made (I propose: 2 hours)
I will implement these within the next days. I want to thank all of you who took the time to come up with your proposals and I hope you understand that a complete replacement of the mechanism, or the interface on the site, would interfere too much, and would mean a very high risk of breaking the user experience. Additionally, simply imposing rules which would describe a certain "pattern" of bets as "cheating" and threatening with punishment is highly subject to interpretation, and would need a close monitoring on the site. So, we'll start with two quite simple system changes which will safely constrain the effectiveness of the known pattern.
Meanwhile, we may continue to discuss even further changes to the system to make it water tight. And of course, once implemented, you may restart having fun on in-play djia market questions.
So, thanks again for your contributions, and my apologies if I wasn't able to answer all of your concerns in an appropriate way.
I hope you enjoy predicting the news on Knew The News, just as I do.
@kruijs: how much did you increase the initial market size.
in return, the selling ban is reduced to 1 hour.
For the record, I voted for the rollback before and still think it is the right thing to do to keep the game competitive and enjoyable for everyone.
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