Purely subjective personal questions are questions where others cannot check reliably whether you resolved in an “unfair” way. So reputation also does not work, at least it takes a lot of time.
I edited the text of my first comment, using the words from Daniel’s comment. Maybe it’s easier to understand now.
Oh, yes, that’s a fair point! I think personal questions may self-correct for this, because they’ll draw in less interest and less volume compared to a general-interest question (so possible fraud on personal questions is less profitable). Creators may have more of an informational incentive to let personal markets work well?
But it is a good point, that personal questions are much harder to audit and thus contribute less to reputation; if we formalize a reputation system it’s one factor to consider!
Purely subjective personal questions are questions where others cannot check reliably whether you resolved in an “unfair” way. So reputation also does not work, at least it takes a lot of time.
I edited the text of my first comment, using the words from Daniel’s comment. Maybe it’s easier to understand now.
Oh, yes, that’s a fair point! I think personal questions may self-correct for this, because they’ll draw in less interest and less volume compared to a general-interest question (so possible fraud on personal questions is less profitable). Creators may have more of an informational incentive to let personal markets work well?
But it is a good point, that personal questions are much harder to audit and thus contribute less to reputation; if we formalize a reputation system it’s one factor to consider!