6 papers
Uniform-Loss Automated Market Making for Prediction Markets
Ciamac C. Moallemi, Dan Robinson, Brian Zhu
Automated market makers (AMMs) for prediction markets descend from market scoring rules, where a mechanism operator subsidizes a market to aggregate beliefs about uncertain events.…
LHAW: Controllable Underspecification for Long-Horizon Tasks
George Pu, Michael S. Lee, Udari Madhushani Sehwag +6
Long-horizon workflow agents that operate effectively over extended periods are essential for truly autonomous systems. Their reliable execution critically depends on the ability t…
Auctioning Time to Mitigate Latency Races: Theory and Evidence from Blockchains
Agostino Capponi, Brian Zhu
High-frequency trading, in both traditional and decentralized markets, induces latency races and redundant order flow as traders spend resources to win time-sensitive opportunities…
Agentic AI for Clustering and Relationship Discovery in Prediction Markets
Agostino Capponi, Alfio Gliozzo, Brian Zhu
Prediction market platforms list thousands of contracts whose logical and economic connections are implicit in their resolution rules. We introduce a hierarchical agentic reduction…
Information Structures in Stablecoin Markets
Brian Zhu
Stablecoins have historically depegged due from par to large sales, possibly of speculative nature, or poor reserve asset quality. Using a global game which addresses both concerns…
The Paradox Of Just-in-Time Liquidity in Decentralized Exchanges: More Providers Can Sometimes Mean Less Liquidity
Agostino Capponi, Ruizhe Jia, Brian Zhu
We study Just-in-time (JIT) liquidity provision in blockchain-based decentralized exchanges. A JIT liquidity provider (LP) monitors pending swap orders in public mempools of blockc…