Scoring Rules
Public.icon
joemphilips
This is a function defined in social choice theory that maps voting contents to outcomes (voting results)."
from
LMSR_function_demo
For example, there are
majority rule
and
Borda rule
.
Is staking, futarchy, and prediction markets very similar in context?
can alleviate
voter apathy
, but there is a problem that "no one wants to make the first bet because the incentive to bet decreases as the number of people decreases"
TruthCoin
also seems to use the same
scoring rules
for prediction markets
tkgshn.icon*2
TruthCoin uses a cost function called
logarithmic market scoring rule
(Cost function) like many other prediction markets.
Related to
Introduction to types of prediction markets
,
Types of Prediction Markets and Appropriate LMSRs