0xEvan

I read a paper from 2009 by Agrawal et al titled “A Unified Framework for Dynamic Pari-Mutuel Information Market Design” and these are my takeaways:1 - Hanson’s Logarithmic Market Scoring Rule (LMSR) AMM designs a truthful, efficient prediction market using pari-mutuel designs.Pari-mutuel betting is an antiquated term used to describe (modern) prediction markets. However, since Hanson’s LMSR paper came out in 2002, there wasn’t better words to describe the concept of automated market making.P...