Topic-aware Incentive Mechanism for Task Diffusion in Mobile Crowdsourcing through Social Network

Crowdsourcing has become an efficient paradigm to utilize human intelligence to perform tasks that are challenging for machines. Many incentive mechanisms for crowdsourcing systems have been proposed. However, most of existing incentive mechanisms assume that there are sufficient participants to perform crowdsourcing tasks. In large-scale crowdsourcing scenarios, this assumption may be not applicable. To address this issue, we diffuse the crowdsourcing tasks in social network to increase the number of participants. To make the task diffusion more applicable to crowdsourcing system, we enhance the classic Independent Cascade model so the influence is strongly connected with both the types and topics of tasks. Based on the tailored task diffusion model, we formulate the Budget Feasible Task Diffusion ( BFTD ) problem for maximizing the value function of platform with constrained budget. We design a parameter estimation algorithm based on Expectation Maximization algorithm to estimate the parameters in proposed task diffusion model. Benefitting from the submodular property of the objective function, we apply the budget-feasible incentive mechanism, which satisfies desirable properties of computational efficiency, individual rationality, budget-feasible, truthfulness, and guaranteed approximation, to stimulate the task diffusers. The simulation results based on two real-world datasets show that our incentive mechanism can improve the number of active users and the task completion rate by 9.8% and 11%, on average.

Budget-feasible Mechanisms for Representing Groups of Agents Proportionally

In this paper, we consider the problem of designing budget-feasible mechanisms for selecting agents with private costs from various groups to ensure proportional representation, where the minimum proportion of the selected agents from each group is maximized. Depending on agents' membership in the groups, we consider two main models: single group setting where each agent belongs to only one group, and multiple group setting where each agent may belong to multiple groups. We propose novel budget-feasible proportion-representative mechanisms for these models, which can select representative agents from different groups. The proposed mechanisms guarantee theoretical properties of individual rationality, budget-feasibility, truthfulness, and approximation performance on proportional representation.

Budget-feasible Maximum Nash Social Welfare is Almost Envy-free

The Nash social welfare (NSW) is a well-known social welfare measurement that balances individual utilities and the overall efficiency. In the context of fair allocation of indivisible goods, it has been shown by Caragiannis et al. (EC 2016 and TEAC 2019) that an allocation maximizing the NSW is envy-free up to one good (EF1). In this paper, we are interested in the fairness of the NSW in a budget-feasible allocation problem, in which each item has a cost that will be incurred to the agent it is allocated to, and each agent has a budget constraint on the total cost of items she receives. We show that a budget-feasible allocation that maximizes the NSW achieves a 1/4-approximation of EF1 and the approximation ratio is tight. The approximation ratio improves gracefully when the items have small costs compared with the agents' budgets; it converges to 1/2 when the budget-cost ratio approaches infinity.

A Financial Incentive Mechanism for Truthful Reporting Assurance in Online Crowdsourcing Platforms

In today’s world, crowdsourcing is regarded as an effective strategy to deal with a high volume of small issues whose solutions can have their own complexities in systems. Moreover, requesters are currently providing hundreds of thousands of tasks in online job markets and workers need to perform these tasks to earn money. Thus far, various aspects of crowdsourcing including budget management, mechanism design for price management, forcing workers to behave truthfully in bidding prices, or maximized gains of crowdsourcing have been considered in different studies. One of the main existing challenges in crowdsourcing is how to ensure truthful reporting is provided by contributing workers. Since the amount of pay to workers is directly correlated with the number of tasks performed by them over a period of time, it can be predicted that strong incentives encourage them to carry out more tasks by giving untruthful answers (providing the first possible answer without examining it) in order to increase the amount of pay. However, crowdsourcing requesters need to obtain truthful reporting as an output of tasks assigned to workers. In this study, a mechanism was developed whose implementation in crowdsourcing could ensure truthful reporting by workers. The mechanism provided in this study was evaluated as more budget feasible and it was also fairer for requesters and workers due to its well-defined procedure.

Simple and Efficient Budget Feasible Mechanisms for Monotone Submodular Valuations

We study the problem of a budget limited buyer who wants to buy a set of items, each from a different seller, to maximize her value. The budget feasible mechanism design problem requires the design a mechanism that incentivizes the sellers to truthfully report their cost and maximizes the buyer’s value while guaranteeing that the total payment does not exceed her budget. Such budget feasible mechanisms can model a buyer in a crowdsourcing market interested in recruiting a set of workers (sellers) to accomplish a task for her. This budget feasible mechanism design problem was introduced by Singer in 2010. We consider the general case where the buyer’s valuation is a monotone submodular function. There are a number of truthful mechanisms known for this problem. We offer two general frameworks for simple mechanisms, and by combining these frameworks, we significantly improve on the best known results, while also simplifying the analysis. For example, we improve the approximation guarantee for the general monotone submodular case from 7.91 to 5 and for the case of large markets (where each individual item has negligible value) from 3 to 2.58. More generally, given an r approximation algorithm for the optimization problem (ignoring incentives), our mechanism is a r + 1 approximation mechanism for large markets, an improvement from 2 r 2 . We also provide a mechanism without the large market assumption, where we achieve a 4 r + 1 approximation guarantee. We also show how our results can be used for the problem of a principal hiring in a Crowdsourcing Market to select a set of tasks subject to a total budget.

Budget Feasible Mechanisms on Matroids

Motivated by many practical applications, in this paper we study budget feasible mechanisms with the goal of procuring an independent set of a matroid. More specifically, we are given a matroid $${\mathcal {M}}=(E,{\mathcal {I}})$$ M = ( E , I ) . Each element of the ground set E is controlled by a selfish agent and the cost of the element is private information of the agent itself. A budget limited buyer has additive valuations over the elements of E. The goal is to design an incentive compatible budget feasible mechanism which procures an independent set of the matroid of largest possible value. We also consider the more general case of the pair $${\mathcal {M}}=(E,{\mathcal {I}})$$ M = ( E , I ) satisfying only the hereditary property. This includes matroids as well as matroid intersection. We show that, given a polynomial time deterministic algorithm that returns an $$\alpha $$ α -approximation to the problem of finding a maximum-value independent set in $${\mathcal {M}}$$ M , there exists an individually rational, truthful and budget feasible mechanism which is $$(3\alpha +1)$$ ( 3 α + 1 ) -approximated and runs in polynomial time, thus yielding also a 4-approximation for the special case of matroids.

Shotgun Wedding: Fiscal and Monetary Policy

This review describes interactions between monetary and fiscal policies that affect equilibrium price levels and interest rates by critically surveying theories about ( a) optimal anticipated inflation, ( b) optimal unanticipated inflation, and ( c) conditions that secure a nominal anchor in the sense of a unique price level path. We contrast incomplete theories whose inputs are budget-feasible sequences of government-issued bonds and money with complete theories whose inputs are bond/money strategies described as sequences of functions that map time t histories into time t government actions. We cite historical episodes that confirm the theoretical insight that lines of authority between a Treasury and a central bank can be ambiguous, obscure, and fragile.