Jennifer R Vaughan

US Patent:

20140372342, Dec 18, 2014

Filed:

May 7, 2012

Appl. No.:

14/116163

Inventors:

Yiling Chen - Cambridge MA, US
Jennifer Wortman Vaughan - Venice CA, US
Jacob Duncan Abernethy - Ann Arbor MI, US

Assignee:

The Regents of the University of California - Oakland CA
President and Fellows of Harvard College - Cambridge MA

International Classification:

G06Q 40/06

US Classification:

705 36 R

Abstract:

Method and systems for design and operation of a prediction market. A plurality of security bundles and a plurality of payoff vectors may be defined, such that each payoff vector in the plurality of payoff vectors is associated with at least one outcome in a plurality of outcomes. A prediction market engine may be provided for determining a price for each security bundle in the plurality of security bundles by using at least one processor to minimize a convex function over a convex set comprising a convex hull of the plurality of payoff vectors.