Pennock, NJ
David Pennock, Monroe Township, NJ US
Patent application number | Description | Published |
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20090198613 | Method and apparatus for group decision making - A method and apparatus are provided for group decision making. In one example, the method includes receiving bids from group members on choices, calculating a choice winner based on the bids, calculating a pot based on the bids, redistributing the pot based on the bids, and displaying results to the group members. | 08-06-2009 |
20090254475 | PREDICTION MARKET MAKING METHOD AND APPARATUS - Generally, a method and apparatus for making a prediction-based market including unconventional prediction options to market participants includes determining a prediction framework that includes a plurality of conditional scenarios. The method and apparatus includes calculating realization odds for each of the conditional scenarios using an approximation calculation technique and via an interface, receiving a plurality of predictions associated with selected conditional scenarios, each prediction having an associated value and building the prediction-based market using the predictor. The method and apparatus further includes updating realization odds for each of the conditional scenarios in the prediction framework using the approximation calculation technique and settling the predictions based at least on the updated realization odds. | 10-08-2009 |
David Pennock, Princeton, NJ US
Patent application number | Description | Published |
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20140379462 | REAL-TIME PREDICTION MARKET - A real-time prediction market is described. A plurality of predictor agents set forth respective predictions as to a likelihood that an advertisement will be selected when displayed together with certain publisher content. The advertisement is selected from amongst a plurality of advertisements based upon the plurality of predictions set forth by the plurality of predictor agents. Third parties corresponding to the predictor agents are compensated or penalized as a function of predictive accuracy of the predictor agents. | 12-25-2014 |
David M. Pennock, Monroe Township, NJ US
Patent application number | Description | Published |
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20080306819 | SYSTEM AND METHOD FOR SHAPING RELEVANCE SCORES FOR POSITION AUCTIONS - The present invention is directed towards systems and methods for ranking and providing advertisements in a position auction. The method of the present invention comprises receiving a search query and selecting at least one keyword based upon the search query. A list containing at least one keyword based upon the search query is returned and a list comprising at least one bid corresponding to the returned list of keywords is retrieved. A priority score corresponding to each bid is computed and used to rank the list of bids. Advertisements are then provided corresponding to a plurality of the highest ranking bids. | 12-11-2008 |
20090070873 | SAFE WEB BASED INTERACTIONS - A system is described for providing safe web based interactions. The system may include a memory, an interface, and a processor. The memory may store a request and a web page. The interface may be operative to communicate with a user and a third party server. The processor may be operatively connected to the memory and the interface and may receive a request from the user for a web page provided by the third party server. The processor may retrieve the web page and determine if malicious data is associated with the web page. If malicious data is determined to be associated with the web page the processor may disable the malicious data. The processor may modify the web page so that subsequent interactions with the web page are redirected to the processor, through the interface. The processor may provide the web page to the user, via the interface. | 03-12-2009 |
20100058249 | SYSTEM AND METHOD FOR PROVIDING A GRAPHICAL USER INTERFACE FOR PREDICTION MARKETS - A system for providing a probability output and receiving an input includes a processor and a memory unit in communication with the processor. The memory has processor-executable instructions that configure the processor to provide a user interface having the probability output, wherein the probability output is in a graphical form and receives an input from the user via the user interface, wherein the user provides the input by marking portions of the graphical form of the probability output. | 03-04-2010 |
20100070322 | Method and Apparatus for Administering a Bidding Language for Online Advertising - A method and apparatus are provided for administering a bidding language for online advertising. In one example, the method includes providing an expressive bidding language that allows an advertiser to specify an ad campaign in a tree structure, receiving the ad campaign that is written in the expressive bidding language, translating the ad campaign into scripts, and using the scripts to access appropriate inventory from an ad inventory database. | 03-18-2010 |
David M. Pennock, Princeton, NJ US
Patent application number | Description | Published |
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20130253994 | SYSTEMS AND METHODS FOR MICRO-PAYMENTS AND DONATIONS - Micro-donations are received from users for various items of content published by different content providers. The micro-donations are aggregated into the user accounts and the content provider accounts until a transaction condition is satisfied. When the transaction condition is satisfied for the user account, a process to collect the micro-donation amount contributed by a respective user to different content providers is effectuated. When the transaction condition is satisfied for a content provider account, the micro-donation amount received from different users and aggregated within the content provider account is provided to the respective content provider. Various user and content provider incentives are implemented to encourage participation by the users and the content providers. | 09-26-2013 |
David Myer Pennock, Monroe Township, NJ US
Patent application number | Description | Published |
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20080220855 | System and method for permutation betting - An improved system and method is provided for permutation betting. To do so, a permutation betting engine may be provided for providing services to support betting on an outcome resulting in an ordinal ranking of objects. Orders specifying a property of an ordering of one or more positions of an object in an ordinal ranking of objects may be received. The quantities for orders to accept may be determined, a response may be sent to traders indicating the quantities of orders for payment, and the amount owed for accepted orders may be collected. Winning accepted orders may be identified and payout may be made for winning accepted orders. Advantageously, the present invention may provide a framework for efficiently optimizing an auctioneer's objective using linear programming for a prediction market where the outcomes of interested events are ordered statistics. | 09-11-2008 |
20090024510 | System and method of making markets for a finite subset of orders placed across continuous and countably infinite outcome spaces - An improved system and method is provided for making markets for a finite subset of orders across continuous and countably infinite outcome spaces. To do so, a prediction market engine may be provided to support prediction markets by aggregating information about orders specifying a continuous subspace of a continuous outcome space and orders specifying a subset of a countably infinite set of outcomes. The pricing and/or quantities for orders received may be determined, a response may be sent to traders indicating the pricing or quantities of orders for payment, and the amount owed for accepted orders may be collected. Winning accepted orders may be identified and payout may be made for winning accepted orders. Advantageously, the present invention may support aggregation of more information from market participants in a prediction market to forecast the likelihood of the occurrence of a certain event. | 01-22-2009 |