Contest Theory - Incentive Mechanisms and Ranking Methods

Informationen zum Autor Milan Vojnovic is a researcher with Microsoft Research, Cambridge, United Kingdom. He is also an affiliated lecturer at the University of Cambridge, with a courtesy appointment with the Statistical Laboratory. He obtained a Ph.D. in technical sciences from École Polytechnique Fédérale de Lausanne, Switzerland, with a thesis on resource allocation problems in internet networks. He has won several awards for his work, including the 2005 ERCIM Cor Baayen award and the 2010 ACM SIGMETRICS Rising Star Researcher Award. Klappentext Contests are prevalent in many areas, including sports, rent seeking, patent races, innovation inducement, labor markets, scientific projects, crowdsourcing and other online services, and allocation of computer system resources. This book provides unified, comprehensive coverage of contest theory as developed in economics, computer science, and statistics, with a focus on online services applications, allowing professionals, researchers and students to learn about the underlying theoretical principles and to test them in practice. The book sets contest design in a game-theoretic framework that can be used to model a wide-range of problems and efficiency measures such as total and individual output and social welfare, and offers insight into how the structure of prizes relates to desired contest design objectives. Methods for rating the skills and ranking of players are presented, as are proportional allocation and similar allocation mechanisms, simultaneous contests, sharing utility of productive activities, sequential contests, and tournaments. Zusammenfassung Contests are prevalent in many areas! from sports! to labor markets! to resource allocation! to crowdsourcing. Using a game-theoretic framework! this unified! comprehensive treatment pays particular attention to online applications of contest design! allowing professionals! researchers and students to learn about the theoretical principles and to test them in practice. Inhaltsverzeichnis 1. Introduction and preview; 2. Standard all-pay contests; 3. Rank order allocation of prizes; 4. Smooth allocation of prizes; 5. Simultaneous contests; 6. Utility sharing and social welfare; 7. Sequential contests; 8. Tournaments; 9. Rating systems; 10. Ranking methods; 11. Appendices....

Product details

• Authors: Milan Vojnovi, Milan Vojnovic, Milan (London School of Economics and Po Vojnovic, Milan (London School of Economics and Political Science) Vojnovic, Milan Vojnović
• Publisher: Cambridge University Press ELT
• Languages: English
• Product format: Hardback
• Released: 04.02.2016
• EAN: 9781107033139
• ISBN: 978-1-107-03313-9
• No. of pages: 730
• Subjects: Guides; Humanities, art, music > Psychology > Theoretical psychology; Natural sciences, medicine, IT, technology > IT, data processing > IT; Non-fiction book > Politics, society, business > Politics; Social sciences, law, business > Business > General, dictionaries; SOCIAL SCIENCE / Sociology / General, BUSINESS & ECONOMICS / E-Commerce / General, PSYCHOLOGY / Social Psychology, MATHEMATICS / Game Theory, E-commerce: business aspects, Social, group or collective psychology, game theory, Sociology: work & labour, Sociology: work and labour, BUSINESS & ECONOMICS / Labor / General