This book is intended as a text covering the central concepts of practical optimization
techniques. It is designed for either self-study by professionals or classroom work at the …

Constant-function market makers (CFMMs), such as Uniswap, are automated exchanges
offering trades among a set of assets. We study their technical relationship to another class …

We propose a general framework for the design of securities markets over combinatorial or
infinite state or outcome spaces. The framework enables the design of computationally …

We consider the design of strategies for\emph {market making} in a market like a stock,
commodity, or currency exchange. In order to obtain profit guarantees for a market maker …

We propose a general framework for the design of securities markets over combinatorial or
infinite state or outcome spaces. The framework enables the design of computationally …

We study the profit-maximization problem of a market maker in a spread betting market. In
this market, the market maker quotes cutoff lines for the outcome of a certain future event as …

Prediction markets are long known for prediction accuracy. This study systematically
explores the fundamental properties of prediction markets, addressing questions about their …

We examine two types of binary betting markets, whose primary goal is for profit (such as
sports gambling) or to gain information (such as prediction markets). We articulate the …

Recent years have seen extensive investigation of the information aggregation properties of
markets. However, relatively little is known about conditions under which a market will …

Information, often scattered among the crowd, is valuable yet hard to aggregate. Throughout
the centuries, researchers and practitioners have invented various tools in an attempt to …