Simple contest enhancers

Priel Levy, David Sarne, Michal Habani

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

4 Scopus citations

Abstract

Contests are an important mechanism for eliciting effort in a multi-agent setting. In this paper we introduce and analyze the benefit in two enhancers to contest design within the framework of simple contests: (a) changing the execution of the contest from parallel to sequential; and (b) adding some ambiguity to the way performance is measured. While intuitively such interventions may seem to hinder participation and performance, we show that for a large class of contest settings they actually improve the expected profit of the contest organizer. The paper presents a formal game-theoretic analysis of the different enhanced mechanisms, enabling market designers and contest organizers the means for extracting the equilibrium in each in order to properly use the methods in the contests they run.

Original languageEnglish
Title of host publicationProceedings - 2020 IEEE/WIC/ACM International Joint Conference on Web Intelligence and Intelligent Agent Technology, WI-IAT 2020
EditorsJing He, Hemant Purohit, Guangyan Huang, Xiaoying Gao, Ke Deng
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages463-469
Number of pages7
ISBN (Electronic)9781665419246
DOIs
StatePublished - Dec 2020
Event2020 IEEE/WIC/ACM International Joint Conference on Web Intelligence and Intelligent Agent Technology, WI-IAT 2020 - Virtual, Online
Duration: 14 Dec 202017 Dec 2020

Publication series

NameProceedings - 2020 IEEE/WIC/ACM International Joint Conference on Web Intelligence and Intelligent Agent Technology, WI-IAT 2020

Conference

Conference2020 IEEE/WIC/ACM International Joint Conference on Web Intelligence and Intelligent Agent Technology, WI-IAT 2020
CityVirtual, Online
Period14/12/2017/12/20

Bibliographical note

Publisher Copyright:
© 2020 IEEE.

Funding

This research was partially supported by the ISRAEL SCIENCE FOUNDATION (grant No. 1162/17) and the Israeli MINISTRY OF SCIENCE & TECHNOLOGY (grant No. 89583).

FundersFunder number
Israel Science Foundation1162/17
Ministry of science and technology, Israel89583

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