In addition to the links I provided in the other comment, people might be interested in reading about a small competition I ran on Manifold last year which tries to capture exactly this "surface correlations" concept.
Readers of this comment thread might be interested in this blog post from Johnathan Mann and this followup, where this concept is called "iterative markets".
In addition to the links I provided in the other comment, people might be interested in reading about a small competition I ran on Manifold last year which tries to capture exactly this "surface correlations" concept.
Readers of this comment thread might be interested in this blog post from Johnathan Mann and this followup, where this concept is called "iterative markets".