Researcher ORCID Identifier


Graduation Year


Document Type

Campus Only Senior Thesis

Degree Name

Bachelor of Science



Reader 1

Susan E. Martonosi

Reader 2

Yaron Raviv

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Rights Information

2022 Max Holloway


Risk is scary. While consumer insurance gives us a way to manage life event risks, such as risk against high medical bills, we do not manage our exposure to many potentially negative events in our lives, such as the risk that CO2 levels become astronomically high or the risk of significantly higher tax rates. Here, we analyze existing ways to manage risk, and we borrow ideas from finance and mechanism design to architect a platform that would enable the efficient management of risk for consumers. In particular, we propose a platform that utilizes binary options and Vickrey-Clarke-Groves mechanisms; this platform, if implemented, could provide an avenue for non-profit organizations to maximize social welfare on public information events.

This thesis is restricted to the Claremont Colleges current faculty, students, and staff.