Common knowledge equilibrium of Boolean securities in distributed information market

DOI10.1016/J.AMC.2020.125540zbMATH Open1497.91125arXiv2002.09086OpenAlexW3045443875MaRDI QIDQ2656740FDOQ2656740

Authors: Masahiko Ueda 

Publication date: 16 March 2021

Published in: Applied Mathematics and Computation (Search for Journal in Brave)

Abstract: We investigate common knowledge equilibrium of separable (or parity) and totally symmetric Boolean securities in distributed information market. We theoretically show that clearing price converges to the true value when a common prior probability distribution of information of each player satisfies some conditions.

Full work available at URL: https://arxiv.org/abs/2002.09086

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zbMATH Keywords

common knowledge equilibriumdistributed information market

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Economics of information (91B44)

Cites Work

• Game theory
• A course in game theory.
• Agreeing to disagree
• We can't disagree forever
• Common Knowledge of an Aggregate of Expectations
• An in-depth analysis of information markets with aggregate uncertainty
• Computation in a distributed information market
• Gaming prediction markets: equilibrium strategies with a market maker
• Common Knowledge, Consensus, and Aggregate Information
• Various error settings bring different noise-driven effects on network reciprocity in spatial prisoner's dilemma

Cited In (1)

• Computation in a distributed information market

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