Repository logo

Infoscience

  • English
  • French
Log In
Logo EPFL, École polytechnique fédérale de Lausanne

Infoscience

  • English
  • French
Log In
  1. Home
  2. Academic and Research Output
  3. Conferences, Workshops, Symposiums, and Seminars
  4. Incentives for Answering Hypothetical Questions
 
conference paper not in proceedings

Incentives for Answering Hypothetical Questions

Jurca, Radu  
•
Faltings, Boi  
2011
Workshop on Social Computing and User Generated Content, EC-11

Prediction markets and other reward mechanisms based on proper scoring rules can elicit accurate predictions about future events with public utcomes. However, many questions of public interest do not always have a clear answer. For example, facts such as the eects of raising or lower-ing interest rates can never be publicly veried, since only one option will be implemented. In this paper we address re-porting incentives for opinion polls and uestionnaires about hypothetical questions, where the honesty of one answer can only be assessed in the context of the other answers elicited through the poll. We extend our previous work on this problem by four main results. First, we prove that no reward mechanism can be strictly incentive compatible when the mechanism designer does not know the prior nformation of the participants. Second, we formalize the notion of help- ful reporting which prescribes that rational agents move the public result of the poll towards what they believe to be the true distribution (even when that involves reporting an answer that is not the agent's rst preference). Third, we show that helpful reporting converges the nal result of the poll to the true distribution of opinions. Finally, we present a reward scheme that makes helpful reporting an equilibrium for polls with an arbitrary number of answers. Our mechanism is simple, and does not require information about the prior beliefs of the agents.

  • Files
  • Details
  • Metrics
Type
conference paper not in proceedings
Author(s)
Jurca, Radu  
Faltings, Boi  
Date Issued

2011

Editorial or Peer reviewed

REVIEWED

Written at

EPFL

EPFL units
LIA  
Event name
Workshop on Social Computing and User Generated Content, EC-11
Available on Infoscience
March 20, 2014
Use this identifier to reference this record
https://infoscience.epfl.ch/handle/20.500.14299/102063
Logo EPFL, École polytechnique fédérale de Lausanne
  • Contact
  • infoscience@epfl.ch

  • Follow us on Facebook
  • Follow us on Instagram
  • Follow us on LinkedIn
  • Follow us on X
  • Follow us on Youtube
AccessibilityLegal noticePrivacy policyCookie settingsEnd User AgreementGet helpFeedback

Infoscience is a service managed and provided by the Library and IT Services of EPFL. © EPFL, tous droits réservés