Related papers: Revenue allocation in Formula One: a pairwise comp…
Scoring rules aggregate individual rankings by assigning some points to each position in each ranking such that the total sum of points provides the overall ranking of the alternatives. They are widely used in sports competitions consisting…
There is enduring interest in disentangling the effects of skill and luck in sport. A key issue in Formula 1 is distinguishing between car-level and driver-level effects. Four elite teams currently dominate Formula 1 and have won every…
We propose a new model for fair division and vehicle routing, where drivers have monotone profit preferences, and their vehicles have feasibility constraints, for customer requests. For this model, we design two new axiomatic notions for…
Two natural ways of modelling Formula 1 race outcomes are a probabilistic approach, based on the exponential distribution, and econometric modelling of the ranks. Both approaches lead to exactly soluble race-winning probabilities. Equating…
Pairwise comparisons are used in a wide variety of decision situations where the importance of alternatives should be measured on a numerical scale. One popular method to derive the priorities is based on the right eigenvector of a…
The authors propose a parametric model called the arena model for prediction in paired competitions, i.e. paired comparisons with eliminations and bifurcations. The arena model has a number of appealing advantages. First, it predicts the…
We study the time change of the relation between the rank of a racehorse in the Japan Racing Association and the result of victory or defeat. Horses are ranked according to the win bet fractions. As the vote progresses, the racehorses are…
Given the final ranking of a competition, how should the total prize endowment be allocated among the competitors? We study consistent prize allocation rules satisfying elementary solidarity and fairness principles. In particular, we…
Ranking systems produce ordered lists from scalar scores, yet the ranking itself depends only on pairwise comparisons. We develop a mathematical theory that takes this observation seriously, centering the analysis on pairwise margins rather…
The eigenvalue method, suggested by the developer of the extensively used Analytic Hierarchy Process methodology, exhibits right-left asymmetry: the priorities derived from the right eigenvector do not necessarily coincide with the…
In mechanism design it is typical to impose incentive compatibility and then derive an optimal mechanism subject to this constraint. By replacing the incentive compatibility requirement with the goal of minimizing expected ex post regret,…
There are many priority deriving methods for pairwise comparison matrices. It is known that when these matrices are consistent all these methods result in the same priority vector. However, when they are inconsistent, the results may vary.…
The pairwise comparisons method is a convenient tool used when the relative order of preferences among different concepts (alternatives) needs to be determined. There are several popular implementations of this method, including the…
Chess championships are often organised as a Swiss-system tournament, causing great challenges in ranking the participants due to the different strength of schedules and possible circular triads. The paper suggests that pairwise comparison…
Concern about income inequality has become prominent in public discourse around the world. However, studies in behavioral economics and psychology have consistently shown that people prefer not equal but fair income distributions. Thus,…
A classical proposal to derive weights from a pairwise comparison matrix is the right eigenvector. The literature has identified some potential weaknesses of this method in previous decades. This chapter discusses five of these issues.…
In Formula 1, race strategies are adapted according to evolving race conditions and competitors' actions. This paper proposes a reinforcement learning approach for multi-agent race strategy optimization. Agents learn to balance energy…
We examine three methods for ranking by pairwise comparison: Principal Eigenvector, HodgeRank and Tropical Eigenvector. It is shown that the choice of method can produce arbitrarily different rank order.To be precise, for any two of the…
In many first-price auctions, bidders face considerable strategic uncertainty: They cannot perfectly anticipate the other bidders' bidding behavior. We propose a model in which bidders do not know the entire distribution of opponent bids…
Stochastic matching is the stochastic version of the well-known matching problem, which consists in maximizing the rewards of a matching under a set of probability distributions associated with the nodes and edges. In most stochastic…