منابع مشابه
Prediction Markets in Theory and Practice
Prediction Markets in Theory and Practice Prediction Markets, sometimes referred to as “information markets,” “idea futures” or “event futures”, are markets where participants trade contracts whose payoffs are tied to a future event, thereby yielding prices that can be interpreted as market-aggregated forecasts. This article summarizes the recent literature on prediction markets, highlighting b...
متن کاملMatching Markets: Theory and Practice∗
It has been almost half a century since David Gale and Lloyd Shapley published their pathbreaking paper “College admissions and the stability of marriage” in American Mathematical Monthly . It is hard to know whether Gale and Shapley expected the literature they initiated to be used to improve lives of masses of people all around the world. We are very fortunate to see that this is happening to...
متن کاملDiscussion of “matching Markets: Theory and Practice”
Market design seeks to offer practical solutions to various resource allocation problems. Still at its relative infancy, the field has already enjoyed impressive successes in applying economics tools and insights to improve the methods for allocating government resources such as radio spectra, for organizing professional labor markets such as those for medical interns and residents, for assigni...
متن کاملThe Rodney L. White Center for Financial Research Prediction Markets in Theory and Practice
Prediction Markets, sometimes referred to as “information markets,” “idea futures” or “event futures”, are markets where participants trade contracts whose payoffs are tied to a future event, thereby yielding prices that can be interpreted as marketaggregated forecasts. This article summarizes the recent literature on prediction markets, highlighting both theoretical contributions that emphasiz...
متن کاملBudgeted Online Assignment in Crowdsourcing Markets: Theory and Practice
We consider the following budgeted online assignment (BOA) problem motivated by crowdsourcing. We are given a set of offline tasks that need to be assigned to workers who come online from the pool of types {1, 2, . . . , n}. For a given time horizon {1, 2, . . . , T}, at each instant of time t, a worker j arrives from the pool in accordance with a known probability distribution [pjt] such that ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2006
ISSN: 1556-5068
DOI: 10.2139/ssrn.891232