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Record W1504333795

Modeling Dependency in Prediction Markets

2010· article· en· W1504333795 on OpenAlexfundno aff
Nikolay Archak, Panagiotis G. Ipeirotis

Bibliographic record

VenueThe Faculty Digital Archive (New York University) · 2010
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicSports Analytics and Performance
Canadian institutionsnot available
FundersYork University
KeywordsDependency (UML)Prediction marketRevenueComputer scienceRaw dataEconometricsEconomicsArtificial intelligenceFinance
DOInot available

Abstract

fetched live from OpenAlex

In the last decade, prediction markets became popular fore-casting tools in areas ranging from election results to movie revenues and Oscar nominations. One of the features that make prediction markets particularly attractive for decision support applications is that they can be used to answer “what if ” questions and estimate probabilities of complex events. Traditional approach to answering such questions involves running a combinatorial prediction market, what is not always possible. In this paper, we present an alterna-tive, statistical approach to pricing complex claims, which is based on analyzing co-movements of prediction market prices for basis events. Experimental evaluation of our tech-nique on a collection of 51 InTrade contracts representing the Democratic Party Nominee winning Electoral College Votes of a particular state shows that the approach outperforms traditional forecasting methods such as price and return re-gressions and can be used to extract meaningful business intelligence from raw price data.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.000
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Simulation or modeling · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.533
Threshold uncertainty score0.412

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0000.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.030
GPT teacher head0.183
Teacher spread0.153 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designSimulation or modeling
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2010
Admission routes1
Has abstractyes

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