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 language | English |
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Title of host publication | Proceedings - 2020 IEEE/WIC/ACM International Joint Conference on Web Intelligence and Intelligent Agent Technology, WI-IAT 2020 |
Editors | Jing He, Hemant Purohit, Guangyan Huang, Xiaoying Gao, Ke Deng |
Publisher | Institute of Electrical and Electronics Engineers Inc. |
Pages | 463-469 |
Number of pages | 7 |
ISBN (Electronic) | 9781665419246 |
DOIs | |
State | Published - Dec 2020 |
Event | 2020 IEEE/WIC/ACM International Joint Conference on Web Intelligence and Intelligent Agent Technology, WI-IAT 2020 - Virtual, Online Duration: 14 Dec 2020 → 17 Dec 2020 |
Publication series
Name | Proceedings - 2020 IEEE/WIC/ACM International Joint Conference on Web Intelligence and Intelligent Agent Technology, WI-IAT 2020 |
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Conference
Conference | 2020 IEEE/WIC/ACM International Joint Conference on Web Intelligence and Intelligent Agent Technology, WI-IAT 2020 |
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City | Virtual, Online |
Period | 14/12/20 → 17/12/20 |
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).
Funders | Funder number |
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Israel Science Foundation | 1162/17 |
Ministry of science and technology, Israel | 89583 |