{"id":{"repo_id":"uiuc","oai_identifier":"oai:www.ideals.illinois.edu:2142/49668"},"canonical_url":"https://search.dev.ndltd.org/etd/uiuc/oai:www.ideals.illinois.edu:2142/49668","repository":{"repo_id":"uiuc","name":"University of Illinois - Urbana-Champaign","base_url":"https://www.ideals.illinois.edu/oai-pmh"},"display":{"title":"A study verifying the simulation of market trading with Dynamic Pari-Mutuel mechanism using Python","abstract":"Wagering is common in various arenas that include but not limited to horse racing, casinos, financial markets and stock trading. Several market mechanisms are used in these markets to predict the outcome based on the available information and make an educated decision in an investment involving huge risks. One such market mechanism is the Dynamic Pari-Mutuel market mechanism developed by Pennock. In this study I describe a python based implementation of the mathematical models used in Dynamic Pari-Mutuel mechanism. 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