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And questions which really are easy pickings will get 10 people answering them if the site becomes popular. So that $10 reward -- actually $7 after the 30% fee
by biot 16y ago
And questions which really are easy pickings will get 10 people answering them if the site becomes popular. So that $10 reward -- actually $7 after the 30% fee -- would have a 10% probability to win, assuming equal strength of answers for the really easy ones. I don't know many people who'd care about 70 cents.
- blake8086 16y agoIt sounds like 10 people would care about it in that example you gave.
- biot 16y agoThe first person responding perhaps thought it was easy money. Every subsequent answer is a race to the bottom. So why not go all the way and allow responders to underbid the last guy? That way, someone could spend an hour writing a very detailed response hoping to get the $7 and someone could come along, crib their answer off of the first one, and offer to accept only $6. The first guy, not wanting to totally waste the effort he put in, can then lower his bid to $5. Rinse and repeat.