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Eliciting Informative Feedback: The Peer-Prediction Method

Management science, 2005-09, Vol.51 (9), p.1359-1373 [Peer Reviewed Journal]

Copyright 2005 INFORMS ;2005 INIST-CNRS ;Copyright Institute for Operations Research and the Management Sciences Sep 2005 ;ISSN: 0025-1909 ;EISSN: 1526-5501 ;DOI: 10.1287/mnsc.1050.0379 ;CODEN: MSCIAM

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Title:
Eliciting Informative Feedback: The Peer-Prediction Method
Author: Miller, Nolan ; Resnick, Paul ; Zeckhauser, Richard
Subjects: Applied sciences ; Balanced budgets ; Decision making ; Decision theory ; Electronic commerce ; electronic markets ; Exact sciences and technology ; Expected values ; Feedback ; Game theory ; honest feedback ; Information ; Information feedback ; Information relevance ; Institutionalization ; Management science ; Microeconomics ; Nash equilibrium ; Operational research. Management science ; Peers ; proper scoring rules ; Ratings & rankings ; Restaurants ; Risk aversion ; Sample size ; Social interaction ; Studies ; Transfer payments ; Utility functions
Is Part Of: Management science, 2005-09, Vol.51 (9), p.1359-1373
Description: Many recommendation and decision processes depend on eliciting evaluations of opportunities, products, and vendors. A scoring system is devised that induces honest reporting of feedback. Each rater merely reports a signal, and the system applies proper scoring rules to the implied posterior beliefs about another raters report. Honest reporting proves to be a Nash equilibrium. The scoring schemes can be scaled to induce appropriate effort by raters and can be extended to handle sequential interaction and continuous signals. We also address a number of practical implementation issues that arise in settings such as academic reviewing and online recommender and reputation systems.
Publisher: Linthicum, MD: INFORMS
Language: English
Identifier: ISSN: 0025-1909
EISSN: 1526-5501
DOI: 10.1287/mnsc.1050.0379
CODEN: MSCIAM
Source: ProQuest One Psychology
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ProQuest Central

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Eliciting Informative Feedback: The Peer-Prediction Method

Copyright 2005 INFORMS ;2005 INIST-CNRS ;Copyright Institute for Operations Research and the Management Sciences Sep 2005 ;ISSN: 0025-1909 ;EISSN: 1526-5501 ;DOI: 10.1287/mnsc.1050.0379 ;CODEN: MSCIAM

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