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ALGORITHMICA
2010
152views more  ALGORITHMICA 2010»
13 years 5 months ago
Gaming Prediction Markets: Equilibrium Strategies with a Market Maker
We study the equilibrium behavior of informed traders interacting with market scoring rule (MSR) market makers. One attractive feature of MSR is that it is myopically incentive com...
Yiling Chen, Stanko Dimitrov, Rahul Sami, Daniel M...
ATAL
2010
Springer
13 years 6 months ago
When do markets with simple agents fail?
We consider (prediction) markets where myopic agents sequentially interact with an automated market maker. We show a broad negative result: by varying the order of participation, ...
Abraham Othman, Tuomas Sandholm
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
ADMI
2009
Springer
13 years 11 months ago
A Sequence Mining Method to Predict the Bidding Strategy of Trading Agents
Abstract. In this work, we describe the process used in order to predict the bidding strategy of trading agents. This was done in the context of the Reverse TAC, or CAT, game of th...
Vivia Nikolaidou, Pericles A. Mitkas
SIGECOM
2010
ACM
152views ECommerce» more  SIGECOM 2010»
13 years 9 months ago
Information aggregation in smooth markets
Recent years have seen extensive investigation of the information aggregation properties of prediction markets. However, relatively little is known about conditions under which a ...
Krishnamurthy Iyer, Ramesh Johari, Ciamac Cyrus Mo...