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Gaming Prediction Markets: Equilibrium Strategies with a Market Maker

✍ Scribed by Yiling Chen; Stanko Dimitrov; Rahul Sami; Daniel M. Reeves; David M. Pennock; Robin D. Hanson; Lance Fortnow; Rica Gonen


Publisher
Springer
Year
2009
Tongue
English
Weight
732 KB
Volume
58
Category
Article
ISSN
0178-4617

No coin nor oath required. For personal study only.


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This paper studies equilibrium in the futures market for a commodity in a single good economy, which is populated by heterogeneous producers and speculators. The commodity is traded only in the spot market at harvest whereas futures contracts written on the commodity are traded continuously. The mod