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» On the Gains and Losses of Speculation in Equilibrium Market...
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SIGECOM
2004
ACM
132views ECommerce» more  SIGECOM 2004»
13 years 10 months ago
A dynamic pari-mutuel market for hedging, wagering, and information aggregation
I develop a new mechanism for risk allocation and information speculation called a dynamic pari-mutuel market (DPM). A DPM acts as hybrid between a pari-mutuel market and a contin...
David M. Pennock
IJCAI
2007
13 years 6 months ago
Spiteful Bidding in Sealed-Bid Auctions
We study the bidding behavior of spiteful agents who, contrary to the common assumption of selfinterest, maximize a convex combination of their own proļ¬t and their competitorsā€...
Felix Brandt, Tuomas Sandholm, Yoav Shoham