Lance Fortnow, Joe Kilian, David M. Pennock, Michael P. Wellman  Home/Search
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Abstract: We develop a framework for trading in compound securities: financial instruments that pay o# contingent on the outcomes of arbitrary statements in propositional logic. Buying or selling securities---which can be thought of as betting on or against a particular future outcome---allows agents both to hedge risk and to profit (in expectation) on subjective predictions. A compound securities market allows agents to place bets on arbitrary boolean combinations of events, enabling them to more... (Update)
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BibTeX entry: (Update)
@misc{ fortnow-betting,
author = "Lance Fortnow and Joe Kilian and David M. Pennock and Michael P. Wellman",
title = "Betting Boolean-Style: A Framework for Trading in Securities Based on Logical
Formulas",
url = "citeseer.ist.psu.edu/fortnow04betting.html" }
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