Browsing Management Sciences by Subject "prediction markets"
Now showing items 1-2 of 2
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Incentive compatibility in prediction markets: Costly actions and external incentives
(Elsevier, 2019-01)We consider a multi-round prediction market in which two agents, Alice and Bob, are trading on an event on which each may take action to influence its outcome. The existing literature assumes that there is no net difference ... -
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 ...