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WINE
2010
Springer
144views Economy» more  WINE 2010»
13 years 10 months ago
An Axiomatic Characterization of Continuous-Outcome Market Makers
Abstract. Most existing market maker mechanisms for prediction markets are designed for events with a finite number of outcomes. All known attempts on designing market makers for f...
Xi Alice Gao, Yiling Chen
SIGECOM
2010
ACM
241views ECommerce» more  SIGECOM 2010»
14 years 5 months ago
A practical liquidity-sensitive automated market maker
Current automated market makers over binary events suffer from two problems that make them impractical. First, they are unable to adapt to liquidity, so trades cause prices to mo...
Abraham Othman, Tuomas Sandholm, David M. Pennock,...