Parimutuel Betting on Permutations

  title={Parimutuel Betting on Permutations},
  author={Shipra Agrawal and Zizhuo Wang and Yinyu Ye},
We focus on a permutation betting market under parimutuel call auction model where traders bet on the final ranking of n candidates. We present a Proportional Betting mechanism for this market. Our mechanism allows the traders to bet on any subset of the n ‘candidate-rank’ pairs, and rewards them proportionally to the number of pairs that appear in the final outcome. We show that market organizer’s decision problem for this mechanism can be formulated as a convex program of polynomial size… CONTINUE READING
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