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CORR
2010
Springer
136views Education» more  CORR 2010»
13 years 1 months ago
Comparing Prediction Market Structures, With an Application to Market Making
Ensuring sufficient liquidity is one of the key challenges for designers of prediction markets. Various market making algorithms have been proposed in the literature and deployed ...
Aseem Brahma, Sanmay Das, Malik Magdon-Ismail
SIGECOM
2010
ACM
137views ECommerce» more  SIGECOM 2010»
13 years 9 months ago
Prediction without markets
Citing recent successes in forecasting elections, movies, products, and other outcomes, prediction market advocates call for widespread use of market-based methods for government ...
Sharad Goel, Daniel M. Reeves, Duncan J. Watts, Da...
SIGECOM
2010
ACM
174views ECommerce» more  SIGECOM 2010»
13 years 3 months ago
Aggregation and manipulation in prediction markets: effects of trading mechanism and information distribution
We conduct laboratory experiments on variants of market scoring rule prediction markets, under different information distribution patterns, in order to evaluate the efficiency an...
Lian Jian, Rahul Sami
SIGECOM
2009
ACM
118views ECommerce» more  SIGECOM 2009»
13 years 11 months ago
Modeling volatility in prediction markets
There is significant experimental evidence that prediction markets are efficient mechanisms for aggregating information and are more accurate in forecasting events than tradition...
Nikolay Archak, Panagiotis G. Ipeirotis
MANSCI
2010
113views more  MANSCI 2010»
13 years 3 months ago
Prediction Markets: Alternative Mechanisms for Complex Environments with Few Traders
Double auction prediction markets have proven successful in large-scale applications such as elections and sporting events. Consequently, several large corporations have adopted t...
Paul J. Healy, Sera Linardi, J. Richard Lowery, Jo...