Sciweavers

ATAL
2010
Springer
14 years 16 days 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
ATAL
2008
Springer
14 years 1 months ago
Zero-intelligence agents in prediction markets
We construct a novel agent-based model of prediction markets in which putative human qualities like learning, reasoning, and profit-seeking are absent. We show that the prices whi...
Abraham Othman
SIGECOM
2010
ACM
137views ECommerce» more  SIGECOM 2010»
14 years 4 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...
WINE
2009
Springer
179views Economy» more  WINE 2009»
14 years 6 months ago
Betting on the Real Line
We study the problem of designing prediction markets for random variables with continuous or countably infinite outcomes on the real line. Our interval betting languages allow tra...
Xi Gao, Yiling Chen, David M. Pennock
WINE
2009
Springer
111views Economy» more  WINE 2009»
14 years 6 months ago
Prediction Mechanisms That Do Not Incentivize Undesirable Actions
A potential downside of prediction markets is that they may incentivize agents to take undesirable actions in the real world. For example, a prediction market for whether a terrori...
Peng Shi, Vincent Conitzer, Mingyu Guo
AMMA
2009
Springer
14 years 6 months ago
Turing Trade: A Hybrid of a Turing Test and a Prediction Market
Abstract. We present Turing Trade, a web-based game that is a hybrid of a Turing test and a prediction market. In this game, there is a mystery conversation partner, the “target,...
Joseph Farfel, Vincent Conitzer