An Agent-Based Model of Strategic Adoption of Real-Time Payments

K Mayo, S Fozdar, and MP Wellman 2nd ACM International Conference on AI in Finance (ICAIF), Article No.: 45, pages 1–9, November 2021. Abstract Real-time payments (RTPs) allow consumers to receive funds before the completion of payment…

Designing a Combinatorial Financial Options Market

X Wang, DM Pennock, NR Devanur, DM Rothschild, B Tao, and MP Wellman 22nd ACM Conference on Economics and Computation (EC), pages 864-883, July 2021. Abstract Financial options are contracts that specify the right to buy or sell an underlying…
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Megan Shearer defends thesis proposal

On June 1 2021, Megan Shearer presented and successfully defended her dissertation proposal titled "Modeling Trading Strategies in Financial Markets with Data, Simulation, and Deep Reinforcement Learning". The dissertation committee comprises: …

Log-time Prediction Markets for Interval Securities

M Dudík, X Wang, D Pennock, and D Rothschild 20th International Conference on Autonomous Agents and Multiagent Systems (AAMAS), pages 465-473, May 2021. Abstract We design a prediction market to recover a complete and fully general probability…

A Strategic Analysis of Portfolio Compression

K Mayo and MP Wellman 2nd ACM International Conference on AI in Finance (ICAIF), Article No.: 20, pages 1–8, November 2021. Extended abstract appeared in 20th International Conference on Autonomous Agents and Multiagent Systems (AAMAS),…

Multiagent Modeling of the Financial Payments System

Researchers Principal Investigators Michael Wellman (Computer Science & Engineering) Michael S. Barr (Public Policy, Law) Uday Rajan (Finance) Gabriel Rauterberg (Law) Students Katherine Mayo Shaily Fozdar This…
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Xintong Wang defends dissertation

On Dec 21, 2020, Xintong Wang successfully defended her PhD dissertation titled, "Computational Modeling and Design of Financial Markets: Towards Manipulation-Resistant and Expressive Markets." Congratulations, Dr. Wang! We wish you a…

An Agent-Based Model of Financial Benchmark Manipulation

M Shearer, G Rauterberg, and MP Wellman ICML Workshop on Applications and Infrastructure for Multi-Agent Learning, June 2019 Abstract Financial benchmarks estimate market values or reference rates used in a wide variety of contexts, but are…
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Prof. Wellman to talk at IEX ARC

Prof. Wellman will speak on the topic "Generative Adversarial Networks for Amplifying and Extending Financial Market Data" at the second IEX Academic Research Conference on Nov. 19, 2020. The full program of the two-day virtual event is available…