Combinatorial Information Market Design
Information Systems Frontiers
Betting boolean-style: a framework for trading in securities based on logical formulas
Proceedings of the 4th ACM conference on Electronic commerce
A dynamic pari-mutuel market for hedging, wagering, and information aggregation
EC '04 Proceedings of the 5th ACM conference on Electronic commerce
Self-financed wagering mechanisms for forecasting
Proceedings of the 9th ACM conference on Electronic commerce
Parimutuel Betting on Permutations
WINE '08 Proceedings of the 4th International Workshop on Internet and Network Economics
Strategies in Dynamic Pari-Mutual Markets
WINE '08 Proceedings of the 4th International Workshop on Internet and Network Economics
A unified framework for dynamic pari-mutuel information market design
Proceedings of the 10th ACM conference on Electronic commerce
WINE '09 Proceedings of the 5th International Workshop on Internet and Network Economics
An axiomatic characterization of continuous-outcome market makers
WINE'10 Proceedings of the 6th international conference on Internet and network economics
An optimization-based framework for automated market-making
Proceedings of the 12th ACM conference on Electronic commerce
A Unified Framework for Dynamic Prediction Market Design
Operations Research
Liquidity-sensitive automated market makers via homogeneous risk measures
WINE'11 Proceedings of the 7th international conference on Internet and Network Economics
Proceedings of the 13th ACM Conference on Electronic Commerce
Efficient Market Making via Convex Optimization, and a Connection to Online Learning
ACM Transactions on Economics and Computation - Special Issue on Algorithmic Game Theory
A Practical Liquidity-Sensitive Automated Market Maker
ACM Transactions on Economics and Computation
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Recently, there has been an increase in the usage of centrally managed markets which are run by some form of pari-mutuel mechanism. A parimutuel mechanism is characterized by the ability to shield the market organizer from financial risk by paying the winners from the stakes of the losers. The recent introduction of new, modified pari-mutuel methods has spurred the growth of prediction markets as well as new financial derivative markets. Coinciding with this increased usage, there has been much work on the research front which has produced several mechanisms and a slew of interesting results.We will introduce a new pari-mutuel market-maker mechanism with many positive qualities including convexity, truthfulness and strong performance. Additionally, we will provide the first quantitative performance comparison of some of the existing parimutuel market-maker mechanisms.