Research

Online Prediction via Continuous Artificial Prediction Markets


Reference:

Jahedpari, F., Rahwan, T., Hashemi, S., Michalak, T. P., De Vos, M., Padget, J. and Woon, W. L., 2017. Online Prediction via Continuous Artificial Prediction Markets. IEEE Intelligent Systems, 32 (1), 7851146.

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    Official URL:

    http://dx.doi.org/10.1109/MIS.2017.12

    Abstract

    Prediction markets are well-established tools for aggregating information from diverse sources into accurate forecasts. Their success has been demonstrated in a wide range applications, including presidential campaigns, sporting events, and economic outcomes. Recently, they've been introduced to the machine learning community in the form of artificial prediction markets, in which algorithms trade contracts reflecting their levels of confidence. To date, these markets have mostly been studied in the context of offline classification, with promising results. The authors extend them to enable their use in online regression and introduce adaptive trading strategies informed by individual trading history and the ability of participants to revise their predictions by reflecting on the wisdom of the crowd, which is manifested in the collective performance of the market. The authors empirically evaluate their model using multiple datasets and show that it outperforms several well-established techniques from the literature on online regression.

    Details

    Item Type Articles
    CreatorsJahedpari, F., Rahwan, T., Hashemi, S., Michalak, T. P., De Vos, M., Padget, J. and Woon, W. L.
    DOI10.1109/MIS.2017.12
    DepartmentsFaculty of Science > Computer Science
    Research CentresEPSRC Centre for Doctoral Training in Statistical Mathematics (SAMBa)
    Centre for War and Technology
    ?? WIRC ??
    Centre for Mathematical Biology
    Publisher Statementieee_intelligent_systems_accepted_manuscript.pdf: © 2017 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other users, including reprinting/ republishing this material for advertising or promotional purposes, creating new collective works for resale or redistribution to servers or lists, or reuse of any copyrighted components of this work in other works.
    RefereedYes
    StatusPublished
    ID Code51483

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