SYSTEMS AND METHODS FOR PROVIDING A PERSONALIZED EXCHANGE MARKET

Abstract

The present invention relates to systems and methods for providing a personalized exchange market, and more specifically, to systems and methods for establishing personalized pledge agreements for uncertain future events or occurrences. In one embodiment, the invention includes a method including the steps of facilitating a pledge offer via a network, the pledge offer specifying an outcome of an uncertain future occurrence, the uncertain future occurrence being independently definable; facilitating an acceptance of the pledge offer over via the network, the acceptance forming a pledge agreement; determining the outcome; and facilitating performance of the pledge agreement based on the outcome.

Description

BRIEF DESCRIPTION OF THE DRAWINGS

Preferred and alternate embodiments of the present invention are described in detail below with reference to the following drawings.

FIG. 1 is a block diagram of a method for performing in a personalized exchange market for any uncertain future event or occurrence in accordance with an embodiment of the invention;

FIG. 2 is a block diagram of a method for hedging in a personalized exchange market for any uncertain future event or occurrence in accordance with an embodiment of the invention;

FIG. 3 is a block diagram of a method for establishing an index in a personalized exchange market for any uncertain future event or occurrence in accordance with an embodiment of the invention;

FIG. 4 is a block diagram of a method for establishing a mutual fund in a personalized exchange market for any uncertain future event or occurrence in accordance with an embodiment of the invention;

FIG. 5 is a diagram of a system for establishing a personalized exchange market for any uncertain future event or occurrence in accordance with an embodiment of the invention; and

FIG. 6 is a diagram of a method for establishing a personalized exchange market for patient health information in accordance with an embodiment of the invention.

Claims

1. A method, the method comprising the steps of: facilitating a pledge offer via a network, the pledge offer specifying an outcome of an uncertain future occurrence, the uncertain future occurrence being independently definable;facilitating an acceptance of the pledge offer via the network, the acceptance forming a pledge agreement;determining the outcome; andfacilitating performance of the pledge agreement based on the outcome.

2. The method of claim 1, further comprising the step of: facilitating a transfer of an interest in the pledge agreement.

3. The method of claim 1, further comprising the step of: facilitating a transfer of a secondary asset in the pledge agreement.

4. The method of claim 1, wherein the determining is based on received data.

5. The method of claim 2, further comprising the step of: accessing information generated from any of the pledge, the acceptance, the outcome, the performance, and the transfer.

6. The method of claim 5, further comprising the step of: using a prediction system based on the information to generate a forecast of the outcome before it occurs.

7. The method of claim 6, further comprising the step of: making available any of the information, the prediction system, and the forecast.

8. The method of claim 1, further comprising the step of: facilitating a combination of the pledge agreement with at least one additional pledge agreement to form a portfolio.

9. The method of claim 8, wherein any of the pledge agreement and the at least one additional pledge agreement are any of a traditional, non-traditional, and alternative type.

10. The method of claim 8, further comprising the step of: facilitating a transfer of at least part of the portfolio.

11. The method of claim 1 wherein the uncertain future occurrence is a health related outcome for an individual.

12. The method of claim 11, further comprising the step of: facilitating access to a medical record of the individual,wherein the acceptance is based in part on the medical record of the individual.

13. The method of claim 12, further comprising the step of: facilitating a transfer of an interest in the pledge agreement.

14. The method of claim 13, further comprising the step of: accessing information generated from any of the pledge, the acceptance, the outcome, the performance, and the transfer.

15. The method of claim 14, further comprising the step of: using a prediction system based on the information to generate a forecast of the outcome before it occurs.

16. A system, the system comprising: an uncertain future occurrence exchange, the uncertain future occurrence exchange being configured to couple a plurality of participants via a computer network,wherein the uncertain future occurrence exchange facilitates receiving a pledge offer from a first participant, the pledge offer including a pledge for an outcome of an uncertain future occurrence, the uncertain future occurrence being independently definable by the first participant;receiving an acceptance of the pledge offer by a second participant, the acceptance of the offer forming a pledge agreement;determining the outcome; andfacilitating performance of the pledge agreement based on the outcome.

17. The system of claim 16, wherein the second participant is the uncertain future occurrence exchange.

18. A system for making outcome forecasts of uncertain future occurrences, the system comprising: an uncertain future occurrence exchange, the uncertain future occurrence exchange configured to facilitate a transaction of a pledge agreement among a plurality of participants for an outcome of an uncertain future occurrence; anda prediction component, the prediction component coupled to the uncertain future occurrence exchange, the prediction component configured to receive information regarding the transaction,wherein the prediction component is configured to forecast the outcome of the uncertain future occurrence based on the information.