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

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

IN - Informatika

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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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Počet stran výsledku

6

Strana od-do

202-207

Název nakladatele

University of West Bohemia Pilsen

Místo vydání

Pilsen

Místo konání akce

Cheb

Datum konání akce

9. 9. 2015

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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