Browsing Management Sciences by Subject "market depth"
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On the Road to Making Science of “Art”: Risk Bias in Market Scoring Rules
(The Institute for Operations Research and the Management Sciences, 2018-06)We study market scoring rule (MSR) prediction markets in the presence of risk-averse or risk-seeking agents that have unknown yet bounded risk preferences. It is well known that if agents can be prescreened, then MSRs can ...