Related papers: Augur: a decentralized oracle and prediction marke…
In a decentralized environment, exchanging resources requires users to bargain until an agreement is found. Moreover, human agreements involve a combination of collaborative and selfish behavior and often induce circularity, complicating…
The ability to assess the reputation of a member in a web community is a need addressed in many different ways according to the many different stages in which the nature of communities has evolved over time. In the case of reputation of…
Crowd workers are distributed and decentralized. While decentralization is designed to utilize independent judgment to promote high-quality results, it paradoxically undercuts behaviors and institutions that are critical to high-quality…
A lot of business and research effort currently deals with the so called decentralised ledger technology blockchain. Putting it to use carries the tempting promise to make the intermediaries of social interactions superfluous and…
Centralized trust is ubiquitous in today's interconnected world, from computational resources to data storage and its underlying infrastructure. The monopolization of cloud computing resembles a feudalistic system, causing a loss of privacy…
Cryptocurrencies, such as Bitcoin, are becoming increasingly popular, having been widely used as an exchange medium in areas such as financial transaction and asset transfer verification. However, there has been a lack of solutions that can…
Prediction markets elicit and aggregate beliefs by paying agents based on how close their predictions are to a verifiable future outcome. However, outcomes of many important questions are difficult to verify or unverifiable, in that the…
Prediction markets are used in real life to predict outcomes of interest such as presidential elections. This paper presents a mathematical theory of artificial prediction markets for supervised learning of conditional probability…
Reputation is generally defined as the opinion of a group on an aspect of a thing. This paper presents a reputation model that follows a probabilistic modelling of opinions based on three main concepts: (1) the value of an opinion decays…
OpenID is a standard decentralized initiative aimed at allowing Internet users to use the same personal account to access different services. Since it does not rely on any central authority, it is hard for such users or other entities to…
Decentralized data-feed systems enable blockchain-based smart contracts to access off-chain information by aggregating values from multiple oracles. To improve accuracy, these systems typically use an aggregation function, such as majority…
We simulate a reputation system in a market to optimise the balance between market security and market equity. We introduce a method of using a reputation system that will stabilise the distribution of wealth in a market in a fair manner.…
Existing centralised market places such as Ebay enable companies to gather large amounts of personal data that can be used to manipulate users. Furthermore, users can frequently perform fraud without severe consequence. Reputation systems…
Modern mathematics is built on the idea that proofs should be translatable into formal proofs, whose validity is an objective question, decidable by a computer. Yet, in practice, proofs are informal and may omit many details. An agent…
Unihedge is a decentralized platform for prediction markets with a novel approach. Using Harberger Tax (HTAX) economic policies a new type of prediction market, named HTAX prediction market, was build. HTAX prediction market derivates from…
Ensuring fair outcomes for multiple stakeholders in recommender systems has been studied mostly in terms of algorithmic interventions: building new models with better fairness properties, or using reranking to improve outcomes from an…
Automated market makers (AMMs) have emerged as the dominant market mechanism for trading on decentralized exchanges implemented on blockchains. This paper presents a single mechanism that targets two important unsolved problems for AMMs:…
The paper underscores how decentralization in sports betting addresses the drawbacks of traditional centralized platforms, ensuring transparency, security, and lower fees. Non-custodial solutions empower bettors with ownership of funds,…
We simulate the process of possible interactions between a set of competitive services and a set of portals that provide online rating for these services. We argue that to have a profitable business, these portals are forced to have…
Honest cooperation among individuals in a network can be achieved in different ways. In online networks with some kind of central authority, such as Ebay, Airbnb, etc. honesty is achieved through a reputation system, which is maintained and…