Combined System of Continuous Double Auction and Automatic Market Maker in Prediction Market

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F49777513%3A23510%2F15%3A43925855" target="_blank" >RIV/49777513:23510/15:43925855 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Combined System of Continuous Double Auction and Automatic Market Maker in Prediction Market
Original language description
The contribution deals with the proposal of the prediction market financial structure with respect to increasing the volume of trading as well as liquidity that are the key factors of the prediction market quality. The described approach modifies the trading mechanism of the market and it integrates the system of continuous double auction and the principles of automatic market maker into this mechanism. This way the combined system of continuous double auction and automatic market maker is created. In the contribution the process of price determination by means of the logarithmic market scoring rule principles is explained. The fruitfulness of the newly proposed system, i.e. the usage of orders generated by tradesmen, is compared with the previously used system of the constant price in case of Dutch auction.
Czech name
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Czech description
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Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
33rd international conference Mathematical Methods in Economics Conference Proceedings
ISBN
978-80-261-0539-8
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
202-207
Publisher name
University of West Bohemia Pilsen
Place of publication
Pilsen
Event location
Cheb
Event date
Sep 9, 2015
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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