I suggest you look at the spreadsheets provided with the gamblers listed.
Galloism wrote:Except the trend is the opposite way. Fewer and fewer are "steering the boat" and more and more are exploiting the system for profit.
LOL. Imagine a class with 10 students. Let's say that 9 students perfectly hedge their bets but one student spends a penny on his preferred option. How much money was made from hedging? Do you see how massively stupid it is to predict that the trend will continue to an obviously absurd conclusion?
There will be a market equilibrium somewhere, provided someone continuously tries playing your way or continues to gamble instead of hedging.
Based on the math, that will probably be somewhere around 98-99% of every bid.
Galloism wrote:The math is different, basically. Quadratic voting has a different mathematical outcome such that it's not so easily and obviously exploitable at first glance.
Easily exploited systems will be exploited. Systems harder to exploit may or may not be, but even if they are, will be at a lower rate. Your system is easily exploitable, thus it will be exploited. It's kind of a rule of man.
LOL. Really? The math makes quadratic voting harder to exploit? Care to elaborate?
The math behind quadratic voting has been explained to you. I'm not going to explain it again. If you want to understand it, go back and reread the first time it was explained.
If you tried to do so then you'd make a fool of yourself. The primary thing that you're "exploiting" with my model is a person's ability to hedge.
I'm not doing anything except observing. The first class has moved towards hedging because they saw it, the second class is moving towards gambling because they didn't. Fewer and fewer are playing in order to "choose" class inside or outside. The data trend continues.
Do you seriously think that the "different math" of quadratic voting somehow prevents participants from making hedge deals with each other?
Not per se, but the benefit of doing so is largely reduced compared with your system. Even then, over enough iterations, I suspect that flaws would be discovered. It's just not such obvious flaws as exist in your system.




