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EMPLOYEE
Over-hasty settlement: Clinton v Obama delegate count
Hi,
We were a bit over hasty in settling the Clinton v Obama delegate count question:
http://www.hubdub.com/e/Market/Who_wi...
(Personally I blame CNN who last night seemed to be predicting Clinton romping home). It is now looking that this could potentially be wrong:
http://www.politico.com/news/stories/...
If so we will re-settle the question resulting in Obama predictions getting paid out (but Clinton predictions will retain their winnings).
One question for everyone is how certain should we be before settling a question. We obviously want to be right but at the same time we want to settle fast. I've been aiming to settle as possible but keeping a 99% accuracy. Any thoughts?
We were a bit over hasty in settling the Clinton v Obama delegate count question:
http://www.hubdub.com/e/Market/Who_wi...
(Personally I blame CNN who last night seemed to be predicting Clinton romping home). It is now looking that this could potentially be wrong:
http://www.politico.com/news/stories/...
If so we will re-settle the question resulting in Obama predictions getting paid out (but Clinton predictions will retain their winnings).
One question for everyone is how certain should we be before settling a question. We obviously want to be right but at the same time we want to settle fast. I've been aiming to settle as possible but keeping a 99% accuracy. Any thoughts?
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Inappropriate?Accuracy over speed. Yes it's nice to have your winnings promptly to bet on other questions, but mistakes in settlements can be very upsetting at the time, and lead to real alienation and ill will. The (virtual) contract you take when you make a bet is that the question will be adjudicated fairly and that you will be paid your winnings. I think that, compared to this, speed of settlement (within reason) is secondary. If you're concerned that there's enough free-to-bet capital available at all times, then give new users more cash, and consider putting limits on maximum bet or total wagers on one question.
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Inappropriate?What you should do is that once you think you have an outcome, suspend cash-ins as well as bets. Then accuracy will be 100% and no gaming will take place
EMPLOYEE
