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It depends on how it was done. If the answer was given several days later, then it is fine, but it it was very soon after, then it is unacceptable.
I was crucified for doing this, so I'm against it because rules should apply to everyone.
My understanding, though I didn't participate in the hullabaloo surrounding that answer of yours, is that the issue was that you asked the same question for the second time for answering, and not that you answered your own question.
If that's the incident that fpqc is refering to, then yes, the problem was that he posted a duplicate question in order to get around the fact that he had made the original one community wiki. Intentionally posting duplicate questions is a big no-no.
Answering your own question is certainly not problematic as a general maneuver; the general presumption is that this is something you would do if you posted a question, and later came up with an answer. On the other hand, I'm not sure that there is an official policy about posting a question with the intention of answering it yourself. I think we may just have not discussed the issue yet (I don't think I've seen anyone suggest it was happening before this thread). So, right, I guess we should all discuss this now.
I'm of two minds on this point. One says that this is clearly not how the system was intended to work, and in particular, having someone do this would be somewhat distracting, and take up space on the front page. On the other hand, MO is also here for posterity; if you write a question and immediately answer it, you're creating new content on the internet that has a reasonable chance of being useful to people in the future. If you want to do that, and people want to vote you up, who are we to say you shouldn't. As long as the questions are on-topic, the rest of us thinking you're a bit weird seems like about the right level of chastisement.
Rules does not apply to everyone
I disagree. I think that the same rules should apply to everyone. The bonuses you get for reputation are perks, but rules still apply, one way or another.
By the way, to accept your own answer you must wait 48 hours.
Actually, this behaviour is actively encouraged. There's a badge for it, called "Self-learner", and so far it has been awarded 57 times, including to me, Ben, Anton, and Greg.
I see no problem in this, providing it is done for the "benefit of the community": namely, if an expert sees a lot of people making some trivial error then they could ask-and-answer a question on it, thus ensuring that those making the error learn of their mistake. Or if someone sees a question that they have a great answer to, but (say, in the comments) it becomes clear that the original questioner wouldn't understand the answer, or that it wasn't really the answer they were wanting.
My brief reading around stackoverflow is that this is perceived as Good Behaviour, again providing it is done for the benefit of the community and not for the benefit of the person doing it. But the reputation system should be sufficient to distinguish these cases.
I should make it clear that it is the basic system that has been set up to allow/encourage/reward this behaviour. It is up to us as a community as to whether or not we want to encourage this ourselves. I can foresee circumstances where this is beneficial so would not want a blanket ban, but I think it is healthy to have a discussion like this making it clear where and when this is appropriate (and where not). So I think it is good that you raised it, excellent that you did it here, and I don't think that this matter is closed.
@TK: The point isn't that new abilities gained through reputation come with new rules regarding their use, but that the rules never stop applying. The only rules that don't apply to everyone are rules regarding privileges that some people do not yet have.
I still kind of wonder: why did you ask that question? It had never occurred to me that people even would publish Ph.D. abstracts nowadays, let alone so many that one needs a list.
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