Papakonstantinou, A. and Bogetoft, P. (2013): Crowd-sourcing with uncertain quality - an auction approach.
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Abstract
This article addresses two important issues in crowd-sourcing: ex ante uncertainty about the quality and cost of different workers and strategic behaviour. We present a novel multi-dimensional auction that incentivises the workers to make partial enquiry into the task and to honestly report quality-cost estimates based on which the crowd-sourcer can choose the worker that offers the best value for money. The mechanism extends second score auction design to settings where the quality is uncertain and it provides incentives to both collect information and deliver desired qualities.
Item Type: | MPRA Paper |
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Original Title: | Crowd-sourcing with uncertain quality - an auction approach |
Language: | English |
Keywords: | crowd-sourcing; Multi-dimensional auctions; Yardstick competition; Score functions; Strictly proper scoring rules; |
Subjects: | D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D86 - Economics of Contract: Theory D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D84 - Expectations ; Speculations D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D81 - Criteria for Decision-Making under Risk and Uncertainty D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D82 - Asymmetric and Private Information ; Mechanism Design |
Item ID: | 47277 |
Depositing User: | Athanasios Papakonstantinou |
Date Deposited: | 30 May 2013 04:25 |
Last Modified: | 29 Sep 2019 12:05 |
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URI: | https://mpra.ub.uni-muenchen.de/id/eprint/47277 |
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Crowd-sourcing with uncertain quality - an auction approach. (deposited 10 Apr 2013 18:27)
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