@inproceedings{835fc2bd715644a3ab76adc0c52b0b9d,
title = "Self-financed wagering mechanisms for forecasting",
abstract = "We examine a class of wagering mechanisms designed to elicit truthful predictions from a group of people without requiring any outside subsidy. We propose a number of desirable properties for wagering mechanisms, identifying one mechanism - weighted-score wagering - that satisfies all of the properties. Moreover, we show that a single-parameter generalization of weighted-score wagering is the only mechanism that satisfies these properties. We explore some variants of the core mechanism based on practical considerations.",
keywords = "Group forecasting, Mechanism design, Prediction markets",
author = "Lambert, {Nicolas S.} and John Langford and Jennifer Wortman and Yiling Chen and Daniel Reeves and Yoav Shoham and Pennock, {David M.}",
year = "2008",
doi = "10.1145/1386790.1386820",
language = "English (US)",
isbn = "9781605581699",
series = "Proceedings of the ACM Conference on Electronic Commerce",
pages = "170--179",
booktitle = "EC'08 - Proceedings of the 2008 ACM Conference on Electronic Commerce",
note = "2008 ACM Conference on Electronic Commerce, EC'08 ; Conference date: 08-07-2008 Through 12-07-2008",
}