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When multitudes of features can plausibly be associated with a response, both privacy considerations and model parsimony suggest grouping them to increase the predictive power of a regression model. Specifically, the identification of…

Methodology · Statistics 2024-05-07 Brandon Woosuk Park , Anand N. Vidyashankar , Tucker S. McElroy

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

With the popularity of massive open online courses, grading through crowdsourcing has become a prevalent approach towards large scale classes. However, for getting grades for complex tasks, which require specific skills and efforts for…

Artificial Intelligence · Computer Science 2017-03-31 Lingyu Lyu , Mehmed Kantardzic

We investigate crowdsourcing algorithms for finding the top-quality item within a large collection of objects with unknown intrinsic quality values. This is an important problem with many relevant applications, for example in networked…

Human-Computer Interaction · Computer Science 2017-10-03 Alessandro Nordio , Alberto Tarable , Emilio Leonardi , Marco Ajmone Marsan

We present a novel methodology for identifying public knowledge and eliminating the biases it creates when aggregating information in small group settings. A two stage mechanism consisting of an information market and a coordination game is…

Statistical Mechanics · Physics 2007-05-23 Kay-Yut Chen , Leslie R. Fine , Bernardo A. Huberman

Collective decision making is often a customary action taken in government crowdsourcing. Through ensemble of opinions (popularly known as judgment analysis), governments can satisfy majority of the people who provided opinions. This has…

Human-Computer Interaction · Computer Science 2024-10-04 Akanksha Das , Jyoti Patel , Malay Bhattacharyya

Several studies have shown that deep learning models can provide more accurate volatility forecasts than the traditional methods used within this domain. This paper presents a composite model that merges a deep learning approach with…

Machine Learning · Computer Science 2022-11-18 V Ncume , T. L van Zyl , A Paskaramoorthy

With the industry trend of shifting from a traditional hierarchical approach to flatter management structure, crowdsourced performance assessment gained mainstream popularity. One fundamental challenge of crowdsourced performance assessment…

Machine Learning · Computer Science 2019-10-15 Yifei Huang , Matt Shum , Xi Wu , Jason Zezhong Xiao

The wisdom of the crowd has long become the de facto approach for eliciting information from individuals or experts in order to predict the ground truth. However, classical democratic approaches for aggregating individual \emph{votes} only…

Computer Science and Game Theory · Computer Science 2021-05-21 Hadi Hosseini , Debmalya Mandal , Nisarg Shah , Kevin Shi

Over the last few years, deep learning has revolutionized the field of machine learning by dramatically improving the state-of-the-art in various domains. However, as the size of supervised artificial neural networks grows, typically so…

Machine Learning · Statistics 2017-12-27 Filipe Rodrigues , Francisco Pereira

The problem of aggregating expert forecasts is ubiquitous in fields as wide-ranging as machine learning, economics, climate science, and national security. Despite this, our theoretical understanding of this question is fairly shallow. This…

Computer Science and Game Theory · Computer Science 2022-02-24 Eric Neyman , Tim Roughgarden

The Triple Scoring Task at the WSDM Cup 2017 involves the prediction of the relevance scores between persons and professions/nationalities. The ground truth of the relevance scores was obtained by counting the vote of seven crowdworkers. I…

Information Retrieval · Computer Science 2017-12-25 Masahiro Sato

Collective decision-making is the process through which diverse stakeholders reach a joint decision. Within societal settings, one example is participatory budgeting, where constituents decide on the funding of public projects. How to most…

Theoretical Economics · Economics 2024-09-23 Yurun Ge , Lucas Böttcher , Tom Chou , Maria R. D'Orsogna

This paper demonstrates that aggregating crowdsourced forecasts benefits from modeling the written justifications provided by forecasters. Our experiments show that the majority and weighted vote baselines are competitive, and that the…

Computation and Language · Computer Science 2021-09-16 Saketh Kotamraju , Eduardo Blanco

The Wisdom of Crowds is a phenomenon described in social science that suggests four criteria applicable to groups of people. It is claimed that, if these criteria are satisfied, then the aggregate decisions made by a group will often be…

Machine Learning · Statistics 2016-05-16 Hosein Alizadeh , Muhammad Yousefnezhad , Behrouz Minaei Bidgoli

We propose an agent-based model of collective opinion formation to study the wisdom of crowds under social influence. The opinion of an agent is a continuous positive value, denoting its subjective answer to a factual question. The wisdom…

Physics and Society · Physics 2020-08-25 Pavlin Mavrodiev , Frank Schweitzer

When predicting future events, it is common to issue forecasts that are probabilistic, in the form of probability distributions over the range of possible outcomes. Such forecasts can be evaluated using proper scoring rules. Proper scoring…

Computation · Statistics 2023-05-15 Sam Allen

Probability forecasting is common in the geosciences, the finance sector, and elsewhere. It is sometimes the case that one has multiple probability-forecasts for the same target. How is the information in these multiple forecast systems…

Methodology · Statistics 2016-03-02 Sarah Higgins , Hailiang Du , Leonard A. Smith

Even though the forecasting literature agrees that aggregating multiple predictions of some future outcome typically outperforms the individual predictions, there is no general consensus about the right way to do this. Most common…

Methodology · Statistics 2018-01-24 Ville A. Satopää

Most subjective probability aggregation procedures use a single probability judgment from each expert, even though it is common for experts studying real problems to update their probability estimates over time. This paper advances into…

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