Simple Is Beautiful: Toward Light Prediction Markets
Weiyun Chen; Xin Li; Daniel Dajun Zeng
Source PublicationIEEE Intelligent Systems
2015-05
Issue3Pages:76-80
AbstractThis column examines the cognitive load of prediction markets from four steps of user's decision process (that is, timing, pricing, revisiting, and benefit) and discusses how a prediction market mechanism could have a low cognitive load. In the column, the authors propose that fixed-odds betting can be used as a prediction market mechanism with carefully designed event probability estimators. The development of low-cognitive load prediction markets needs the join efforts of computer scientists and economists.
KeywordPricing Biological System Modeling Predictive Models
Document Type期刊论文
Identifierhttp://ir.ia.ac.cn/handle/173211/20180
Collection复杂系统管理与控制国家重点实验室_互联网大数据与信息安全
Recommended Citation
GB/T 7714
Weiyun Chen,Xin Li,Daniel Dajun Zeng. Simple Is Beautiful: Toward Light Prediction Markets[J]. IEEE Intelligent Systems,2015(3):76-80.
APA Weiyun Chen,Xin Li,&Daniel Dajun Zeng.(2015).Simple Is Beautiful: Toward Light Prediction Markets.IEEE Intelligent Systems(3),76-80.
MLA Weiyun Chen,et al."Simple Is Beautiful: Toward Light Prediction Markets".IEEE Intelligent Systems .3(2015):76-80.
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