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Interpreting Prediction Markets: A Stochastic Approach

Frongillo, Rafael M; Della Penna, Nicolas; Reid, Mark

Description

We strengthen recent connections between prediction markets and learning by showing that a natural class of market makers can be understood as performing stochastic mirror descent when trader demands are sequentially drawn from a fixed distribution. This

CollectionsANU Research Publications
Date published: 2012
Type: Conference paper
URI: http://hdl.handle.net/1885/65138
Source: NEURAL INFORMATION PROCESSING SYSTEMS. Advances in Neural Information Processing Systems 25: 26th Annual Conference on Neural Information Processing Systems 2012

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