@inproceedings{lambert2008self-financed, author = {Lambert, Nicolas and Langford, John and Wortman Vaughan, Jennifer and Chen, Yiling and Reeves, Daniel and Shoham, Yoav and Pennock, David}, title = {Self-Financed Wagering Mechanisms for Forecasting}, booktitle = {Ninth ACM Conference on Electronic Commerce (EC)}, year = {2008}, month = {January}, abstract = {We examine a class of wagering mechanisms designed to elicit truthful predictions from a group of people without requiring any outside subsidy. We propose a number of desirable properties for wagering mechanisms, identifying one mechanism—weighted-score wagering—that satisfies all of the properties. Moreover, we show that a single-parameter generalization of weighted-score wagering is the only mechanism that satisfies these properties. We explore some variants of the core mechanism based on practical considerations.}, url = {http://approjects.co.za/?big=en-us/research/publication/self-financed-wagering-mechanisms-for-forecasting/}, edition = {Ninth ACM Conference on Electronic Commerce (EC)}, }