CMSI 266 Electronic Markets
3 semester hours
Study of the convergence of markets, fair division, and dispute resolution with modern information technologies. Topics include: utility theory; formal definitions for fairness; algorithms for proportional, strong, and envy-free division; complexity of cake-cutting algorithms; unequal shares; indivisible goods; impossibility theorems; auctions and elections; electronic markets vs. electronic commerce; parimutuel wagering and modern wagering websites; efficient market hypothesis; introduction to price theory; prediction markets and IEM (Iowa Electronic Markets); securities exchanges and NASDAQ; online auction markets and eBay; architecture and implementation; scalability and security; legal issues; future directions.
Lecture, 3 hours.
Prerequisite: MATH 101 or higher, or placement into MATH 106 or higher.