Hey there~ I’m Austin, currently building https://manifold.markets. Always happy to meet LessWrong people; reach out at akrolsmir@gmail.com, or find a time on https://calendly.com/austinchen/manifold !
Austin Chen
So, I love Scott, consider CM’s original article poorly written, and also think doxxing is quite rude, but with all the disclaimers out of the way: on the specific issue of revealing Scott’s last name, Cade Metz seems more right than Scott here? Scott was worried about a bunch of knock-off effects of having his last name published, but none of that bad stuff happened.[1]
I feel like at this point in the era of the internet, doxxing (at least, in the form of involuntary identity association) is much more of an imagined threat than a real harm. Beff Jezos’s more recent doxxing also comes to mind as something that was more controversial for the controversy, than for any factual harms done to Jezos as a result.
- ^
Scott did take a bunch of ameliorating steps, such as leaving his past job—but my best guess is that none of that would have actually been necessary. AFAICT he’s actually in a much better financial position thanks to subsequent transition to Substack—though crediting Cade Metz for this is a bit like crediting Judas for starting Christianity.
- ^
My friend Eric once proposed something similar, except where two charitable individuals just create the security directly. Say Alice and Bob both want to donate $7500 to Givewell; instead of doing so directly, they could create a security which is “flip a coin, winner gets $15000”. They do so, Alice wins, waits a year and donates for $15000 of appreciated longterm gains and gets a tax deduction, while Bob deducts the $7500 loss.
This seems to me like it ought to work, but I’ve never actually tried this myself...
Warning: Dialogues seem like such a cool idea that we might steal them for Manifold (I wrote a quick draft proposal).
On that note, I’d love to have a dialogue on “How do the Manifold and Lightcone teams think about their respective lanes?”
Haha, this actually seems normal and fine. We who work on prediction markets, understand the nuances and implementation of these markets (what it means in mathematical terms when a market says 25%). And Kevin and Casey haven’t quite gotten it yet, based on a couple of days of talking to prediction markets enthusiasts.
But that’s okay! Ideas are actually super hard to understand by explanation, and much easier to understand by experience (aka trial and error). My sense is that if Kevin follows up and bets on a few other markets, he’d start to wonder “hm, why did I get M100 for winning this market but only M50 on that one?” and then learn that the odds at which you place the bet actually matter. This principle underpins the idea of Manifold—you can argue all day about whether prediction markets are good for X or Y, or… you can try using them with play money and find out.
It’s reasonable for their reporting to be vibes-based for now—so long as they are reasonably accurate in characterizing the vibes, it sets the stage for other people to explore Manifold or other prediction markets.
Yeah, I guess that’s fair—you have much more insight into the number of and viewpoints of Wave’s departing employees than I do. Maybe “would be a bit surprised” would have cashed out to “<40% Lincoln ever spent 5+ min thinking about this, before this week”, which I’d update a bit upwards to 50⁄50 based on your comment.
For context, I don’t think I pushed back on (or even substantively noticed) the NDA in my own severance agreement, whereas I did push back quite heavily on the standard “assignment of inventions” thing they asked me to sign when I joined. That said, I was pretty happy with my time and trusted my boss enough to not expect for the NDA terms to matter.
I definitely feel like “intentionally lying” is still a much much stronger norm violation than what happened here. There’s like a million decisions that you have to make as a CEO and you don’t typically want to spend your decisionmaking time/innovation budget on random minutiae like “what terms are included inside our severance agreements?” I would be a bit surprised if “should we include a NDA & non-disclosure” had even risen to the level of a conscious decision of Lincoln’s at any point throughout Wave’s history, as opposed to eg getting boilerplate legal contracts from their lawyers/an online form and then copying that for each severance agreement thereafter.
Yeah fwiw I wanted to echo that Oli’s statement seems like an overreaction? My sense is that such NDAs are standard issue in tech (I’ve signed one before myself), and that having one at Wave is not evidence of a lapse in integrity; it’s the kind of thing that’s very easy to just defer to legal counsel on. Though the opposite (dropping the NDA) would be evidence of high integrity, imo!
On the Manifund regranting program: we’ve received 60 requests for funding in the last month, and have commited $670k to date (or about 1/3rd of our initial budget of $1.9m). My rough guess is we could productively distribute another $1m immediately, or $10m total by the end of the year.
I’m not sure if the other tallies are as useful for us—in contrast to an open call, a regranting program scales up pretty easily; we have a backlog of both new regrantors to onboard and existing regrantors to increase budgets, and regrantors tend to generate opportunities based on the size of their budgets.
(With a few million in unrestricted funding, we’d also branch out beyond regranting and start experimenting with other programs such as impact certificates, retroactive funding, and peer bonuses in EA)
Thanks for the feedback! We’re still trying to figure out what time period for our newsletter makes the most sense, haha.
The $400k regrantors were chosen by the donor; the $50k ones were chosen by the Manifund team.
I can’t speak for other regrantors, but I’m personally very sympathetic to retroactive grants for impactful work that got less funding than was warranted; we have one example for Vipul Naik’s Donations List Website and hope to publish more examples soon!
I’m generally interested in having a diverse range of regrantors; if you’d like to suggest names/make intros (either here, or privately) please let me know!
Thanks! We’re likewise excited by Lightspeed Grants, and by ways we can work together (or compete!) to make the funding landscape good.
A similar calibration game I like to play with my girlfriend: one of us gives our 80% confidence interval for some quantity (eg “how long will it take us to get to the front of this line?”) and the other offers to bet on the inside or the outside, at 4:1 odds.
I’ve learned that my 80% intervals are right like 50% of the time, almost always in favor of being too optimistic...
With my wife, I do it a little differently. Once a week or so, when the kids have fallen asleep, we’ll lie in separate beds—Johanna next to the baby, and me next to the 5-year-old. We’ll both be staring at our screens. Unlike the notes I keep with Torbjörn, these notes are shared. They are a bunch of Google docs.
This reminds me of the note-taking culture we have at Manifold, on Notion (which I would highly recommend as an alternative to Google docs—much more structured, easier to navigate and link between things, prettier!)
For example, while we do our daily standup meetings, we’re all jotting thoughts into our meeting notes, and often move between linked documents. To track who has been having which thought, we’ll prefix a particular bullet point with your initials e.g. “[A] Should we consider moving to transactions?”
Thanks for writing this up! I’ve just added AI Impacts to Manifold’s charity list, so you can now donate your mana there too :)
I find the move from “website” to “wiki” very interesting. We’ve been exploring something similar for Manifold’s Help & About pages. Right now, they’re backed by an internal Notion wiki and proxied via super.so, but our pages are kind of clunky; plus we’d like to open it up to allow our power users to contribute. We’ve been exploring existing wiki solutions (looks like AI Impacts is on DokuWiki?) but it feels like most public wiki software was designed 10+ years ago, whereas modern software like Notion is generally targeted for the internal use case. I would also note that LessWrong seems to have moved away from having an internal wiki, too. There’s some chance Manifold ends up building an in-house solution for this, on top of our existing editor...
Definitely agreed that the bottleneck is mostly having good questions! One way I often think about this is, a prediction market question conveys many bits of information about the world, while the answer tends to convey very few.
Part of the goal with Manifold is to encourage as many questions as possible, lowering the barrier to question creation by making it fast and easy and (basically) free. But sometimes this does lead to people asking questions that have wide appeal but are less useful (like the ones you identified above), whereas generating really good questions often requires deep subject-matter expertise. If you have eg a list of operationalized questions, we’re always more than happy to promote them to our forecasters!
Re your second point (score rather than ranking basketball players), Neel Nanda has the same advice which I’ve found fairly helpful for all kinds of assessment tasks: https://www.neelnanda.io/blog/48-rating
It makes me much more excited for eg 5-star voting instead of approval or especially ranked choice voting.
Big fan of the concept! Unfortunately, Manifold seems too dynamic for this extension (using the extension seems to break our site very quickly) but I really like the idea of temporarily hiding our market % so you can form an opinion before placing a bet:
I very much appreciate @habryka taking the time to lay out your thoughts; posting like this is also a great example of modeling out your principles. I’ve spent copious amounts of time shaping the Manifold community’s discourse and norms, and this comment has a mix of patterns I find true out of my own experiences (eg the bits about case law and avoiding echo chambers), and good learnings for me (eg young/non-English speakers improve more easily).