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Online labor platforms, such as the Amazon Mechanical Turk, provide an effective framework for eliciting responses to judgment tasks. Previous work has shown that workers respond best to financial incentives, especially to extra bonuses.…

Human-Computer Interaction · Computer Science 2016-09-05 Sephora Madjiheurem , Valentina Sintsova , Pearl Pu

We propose a dynamic allocation procedure that increases power and efficiency when measuring an average treatment effect in sequential randomized trials. Subjects arrive iteratively and are either randomized or paired via a matching…

Methodology · Statistics 2013-05-23 Adam Kapelner , Abba Krieger

We introduce a framework to study the effective objectives at different time scales of financial market microstructure. The financial market can be regarded as a complex adaptive system, where purposeful agents collectively and…

Trading and Market Microstructure · Quantitative Finance 2017-12-05 Dieter Hendricks , Adam Cobb , Richard Everett , Jonathan Downing , Stephen J. Roberts

A well-defined reward function is crucial for successful training of an reinforcement learning (RL) agent. However, defining a suitable reward function is a notoriously challenging task, especially in complex, multi-objective environments.…

Artificial Intelligence · Computer Science 2023-08-31 Jasmina Gajcin , James McCarthy , Rahul Nair , Radu Marinescu , Elizabeth Daly , Ivana Dusparic

This paper studies a dynamic screening model in which a principal hires an agent with limited liability. The agent's private cost of working is an i.i.d. draw from a continuous distribution. His working status is publicly observable. The…

Theoretical Economics · Economics 2025-11-26 Yijun Liu

We study paycheck optimization, which examines how to allocate income in order to achieve several competing financial goals. For paycheck optimization, a quantitative methodology is missing, due to a lack of a suitable problem formulation.…

Peer grading is an educational system in which students assess each other's work. It is commonly applied under Massive Open Online Course (MOOC) and offline classroom settings. With this system, instructors receive a reduced grading…

Applications · Statistics 2025-10-01 Giuseppe Mignemi , Yunxiao Chen , Irini Moustaki

We study the effect of persistence of engagement on learning in a stochastic multi-armed bandit setting. In advertising and recommendation systems, repetition effect includes a wear-in period, where the user's propensity to reward the…

Machine Learning · Computer Science 2020-06-19 Priyank Agrawal , Theja Tulabandhula

We discuss the feasibility of predicting, managing and subsequently manipulating, the future evolution of a Complex Adaptive System. Our archetypal system mimics a population of adaptive, interacting objects, such as those arising in the…

Physics and Society · Physics 2007-05-23 David M. D. Smith , Neil F. Johnson

Reward models (RMs) are crucial for the training and inference-time scaling up of large language models (LLMs). However, existing reward models primarily focus on human preferences, neglecting verifiable correctness signals which have shown…

Computation and Language · Computer Science 2025-02-27 Hao Peng , Yunjia Qi , Xiaozhi Wang , Zijun Yao , Bin Xu , Lei Hou , Juanzi Li

We consider a renewal-reward process with multivariate rewards. Such a process is constructed from an i.i.d.\ sequence of time periods, to each of which there is associated a multivariate reward vector. The rewards in each time period may…

Probability · Mathematics 2014-08-08 Brendan Patch , Yoni Nazarathy , Thomas Taimre

We use the Minority Game as a testing frame for the problem of the emergence of diversity in socio-economic systems. For the MG with heterogeneous impacts, we show that the direct generalization of the usual agents' profit does not fit some…

Trading and Market Microstructure · Quantitative Finance 2014-01-20 Miroslav Pištěk , Frantisek Slanina

Strong reciprocity is a fundamental human characteristic associated with our extraordinary sociality and cooperation. Laboratory experiments on social dilemma games and many field studies have quantified well-defined levels of cooperation…

Physics and Society · Physics 2007-11-21 D. Darcet , D. Sornette

The choice titration procedure presents a subject with a repeated choice between a standard option that always provides the same reward and an adjusting option for which the reward schedule is adjusted based on the subjects previous…

Neurons and Cognition · Quantitative Biology 2013-06-25 Abran Steele-Feldman , James J. Anderson

In multiagent systems, the complex interaction of fixed incentives can lead agents to outcomes that are poor (inefficient) not only for the group, but also for each individual. Price of anarchy is a technical, game-theoretic definition that…

this paper addresses the issue of the relation between the system efficiency and the individual performance with different combinations of agent memory lengths in mix-game model which is an extension of minority game (MG). In mix-game,…

Physics and Society · Physics 2007-05-23 Chengling Gou

Reinforcement learning from human feedback (RLHF) and, at its core, reward modeling have become a crucial part of training powerful large language models (LLMs). One commonly overlooked factor in training high-quality reward models (RMs) is…

Computation and Language · Computer Science 2025-05-19 Kian Ahrabian , Pegah Jandaghi , Negar Mokhberian , Sai Praneeth Karimireddy , Jay Pujara

In certain academic systems, a student can enroll for an exam immediately after the end of the teaching period or can postpone it to any later examination session, so that the grade is missing until the exam is not attempted. We propose an…

Methodology · Statistics 2016-09-22 Silvia Bacci , Francesco Bartolucci , Leonardo Grilli , Carla Rampichini

This paper proposes a definition of system health in the context of multiple agents optimizing a joint reward function. We use this definition as a credit assignment term in a policy gradient algorithm to distinguish the contributions of…

Machine Learning · Computer Science 2021-01-06 Ross E. Allen , Jayesh K. Gupta , Jaime Pena , Yutai Zhou , Javona White Bear , Mykel J. Kochenderfer

Competitive allocation of research funding is a major mechanism within the science system. It is fundamentally based on the idea of peer review. Peer review is central in project selection as peers are considered to be in a unique position…

Physics and Society · Physics 2009-11-17 Peter van den Besselaar , Loet Leydesdorff
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