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An Axiomatic View of the Parimutuel Consensus Mechanism

Rupert Freeman, David M. Pennock
2018 Proceedings of the Twenty-Seventh International Joint Conference on Artificial Intelligence  
We consider an axiomatic view of the Parimutuel Consensus Mechanism defined by Eisenberg and Gale (1959).  ...  The parimutuel consensus mechanism can be interpreted as a parimutuel market for wagering with a proxy that bets optimally on behalf of the agents, depending on the bets of the other agents.  ...  Acknowledgments The authors thank Jennifer Wortman Vaughan for helpful discussions. This work was completed in part while Freeman was an intern at Microsoft Research. He also thanks a Facebook Ph.D.  ... 
doi:10.24963/ijcai.2018/35 dblp:conf/ijcai/FreemanP18 fatcat:xofjaxl2rvahrm2aibgimlxo6u

Designing Markets for Prediction

Yiling Chen, David M. Pennock
2010 The AI Magazine  
We pay particular attention to the design process, highlighting the objectives and properties that are important in the design of good prediction mechanisms.  ...  We survey the literature on prediction mechanisms, including prediction markets and peer prediction systems.  ...  explore self-nancing (budget-balanced) wagering mechanisms of this type in an axiomatic framework.  ... 
doi:10.1609/aimag.v31i4.2313 fatcat:53kpobhmw5fd3man2ta4dpzv7y

You bet your life: the burdens of gambling

2002 ChoiceReviews  
I would not dispute the legal arguments, though Aram's gambling extended beyond parimutuel wagering.  ...  Coins, dice, cards, -wheels, and the like have no memory. It is axiomatic that runs of luck, good or bad, must come to an end.  ...  But even when there is an intellectual acceptance by the gambler of a pathological condition in himself, it doesn't necessarily follow that he has emotionally identified himself as disordered.  ... 
doi:10.5860/choice.39-3094 fatcat:ejestoqm7rg3tcaxhdl53tw4aq

Examining police records to assess gambling impacts : a study of gambling-related crime in the City of Edmonton [article]

Garry J. Smith, Harold J. Wynne, Tim Hartnagel, University Of Calgary, University Of Calgary
The present study expands on earlier efforts by providing an analysis of the relationship between crime and gambling in a major Canadian metropolitan area, the City of Edmonton.  ...  of the project.  ...  Bob has long advocated the need for empirical research on gambling-related crime and was instrumental in our gaining access to the law enforcement community.  ... 
doi:10.11575/prism/9877 fatcat:hpewlelelfbijj5dop3y5jz6gi

The Jackpot Mentality: The Growth of Government Lotteries and the Suppression of Illegal Numbers Gambling in Rio de Janeiro and New York City

Matthew Vaz
As the low stakes illegal gambling games of the numbers and the jogo do bicho are suppressed in favor of legal government lotteries, a vast new array of gambling habits are introduced to the gambling public  ...  While there are many comparative elements of this study, it is ultimately transnational in that the narrative histories of gambling policy in Brazil and the United States eventually converge through the  ...  To Cat, thank you for your patience and all of your help. To the rest of my friends and family thank you for your support.  ... 
doi:10.7916/d8b85g4c fatcat:jssiw2oeerb23cohg27gih4md4