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How do we design and deploy crowdsourced prediction platforms for real-world applications where risk is an important dimension of prediction performance? To answer this question, we conducted a large online Wisdom of the Crowd study where…

Applications · Statistics 2020-07-21 Dhaval Adjodah , Yan Leng , Shi Kai Chong , P. M. Krafft , Esteban Moro , Alex Pentland

Probabilistic forecasting in combination with stochastic programming is a key tool for handling the growing uncertainties in future energy systems. Derived from a general stochastic programming formulation for the optimal scheduling and…

Systems and Control · Electrical Eng. & Systems 2022-03-25 Mario Beykirch , Tim Janke , Florian Steinke

In peer mechanisms, the competitors for a prize also determine who wins. Each competitor may be asked to rank, grade, or nominate peers for the prize. Since the prize can be valuable, such as financial aid, course grades, or an award at a…

Artificial Intelligence · Computer Science 2024-05-31 Matthew Olckers , Toby Walsh

Prediction polling is an increasingly popular form of crowdsourcing in which multiple participants estimate the probability or magnitude of some future event. These estimates are then aggregated into a single forecast. Historically,…

Methodology · Statistics 2016-04-25 Ville A. Satopää , Shane T. Jensen , Robin Pemantle , Lyle H. Ungar

Peer-prediction is a (meta-)mechanism which, given any proper scoring rule, produces a mechanism to elicit privately-held, non-verifiable information from self-interested agents. Formally, truth-telling is a strict Nash equilibrium of the…

Computer Science and Game Theory · Computer Science 2016-03-24 Yuqing Kong , Grant Schoenebeck , Katrina Ligett

Ranking is fundamental to many areas, such as search engine optimization, human feedback for language models, as well as peer grading. Crowdsourcing, which is often used for these tasks, requires proper incentivization to ensure accurate…

Computer Science and Game Theory · Computer Science 2024-01-26 Kiriaki Frangias , Andrew Lin , Ellen Vitercik , Manolis Zampetakis

During deliberation processes, mediators and facilitators typically need to select a small and representative set of opinions later used to produce digestible reports for stakeholders. In online deliberation platforms, algorithmic selection…

Computers and Society · Computer Science 2026-02-18 Salim Hafid , Manon Berriche , Jean-Philippe Cointet

Algorithmic predictions are increasingly used to inform the allocations of goods and interventions in the public sphere. In these domains, predictions serve as a means to an end. They provide stakeholders with insights into likelihood of…

Computers and Society · Computer Science 2024-05-31 Juan Carlos Perdomo

Prediction markets are often described as mechanisms that ``aggregate information'' into prices, yet the mapping from dispersed private information to observed market histories is typically noisy, endogenous, and shaped by heterogeneous and…

Mathematical Finance · Quantitative Finance 2026-01-28 Juan Pablo Madrigal-Cianci , Camilo Monsalve Maya , Lachlan Breakey

We construct a model of expert prediction where predictions can influence the state of the world. Under this model, we show through theoretical and numerical results that proper scoring rules can incentivize experts to manipulate the world…

Machine Learning · Computer Science 2022-07-08 Alan Chan

Crowd workers are distributed and decentralized. While decentralization is designed to utilize independent judgment to promote high-quality results, it paradoxically undercuts behaviors and institutions that are critical to high-quality…

Every day, we judge the probability of propositions. When we communicate graded confidence (e.g. "I am 90% sure"), we enable others to gauge how much weight to attach to our judgment. Ideally, people should share their judgments to reach…

Quantitative Methods · Quantitative Biology 2025-01-10 Patrick Stinson , Jasper van den Bosch , Trenton Jerde , Nikolaus Kriegeskorte

Prior work has investigated variations of prediction markets that preserve participants' (differential) privacy, which formed the basis of useful mechanisms for purchasing data for machine learning objectives. Such markets required…

Computer Science and Game Theory · Computer Science 2018-10-30 Rafael Frongillo , Bo Waggoner

We present a new model of collective decision making that captures important crowd-funding and donor coordination scenarios. In the setting, there is a set of projects (each with its own cost) and a set of agents (that have their budgets as…

Computer Science and Game Theory · Computer Science 2021-01-29 Haris Aziz , Aditya Ganguly

How do the ratings of critics and amateurs compare and how should they be combined? Previous research has produced mixed results about the first question, while the second remains unanswered. We have created a new, unique dataset, with wine…

Social and Information Networks · Computer Science 2024-09-16 Pantelis P. Analytis , Karthikeya Kaushik , Stefan Herzog , Bahador Bahrami , Ophelia Deroy

Some of the most relevant future applications of multi-agent systems like autonomous driving or factories as a service display mixed-motive scenarios, where agents might have conflicting goals. In these settings agents are likely to learn…

Multiagent Systems · Computer Science 2022-07-20 Kyrill Schmid , Lenz Belzner , Robert Müller , Johannes Tochtermann , Claudia Linnhoff-Popien

In social, economic and cultural situations in which the decisions of individuals are influenced directly by the decisions of others, there appears to be an inherently high level of ex ante unpredictability. In cultural markets such as…

Physics and Society · Physics 2015-05-13 Paul Ormerod , Kristin Glass

With the increasing pervasiveness of algorithms across industry and government, a growing body of work has grappled with how to understand their societal impact and ethical implications. Various methods have been used at different stages of…

Computers and Society · Computer Science 2022-07-21 Julia Barnett , Nicholas Diakopoulos

Voting is a very general method of preference aggregation. A voting rule takes as input every voter's vote (typically, a ranking of the alternatives), and produces as output either just the winning alternative or a ranking of the…

Computer Science and Game Theory · Computer Science 2012-07-09 Vincent Conitzer , Tuomas Sandholm

Prediction markets are markets for trading claims on future events, such as presidential elections, and their prices provide continuously updated signals of collective beliefs. In decentralized platforms such as Polymarket, the market…

Machine Learning · Computer Science 2026-04-23 Huaiyu Jia , Luofeng Zhou , Wentao Zhang , Lin William Cong , Siguang Li , Shuo Sun