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Contest Theory - Incentive Mechanisms and Ranking Methods (Hardcover)
Loot Price: R2,067
Discovery Miles 20 670
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Contest Theory - Incentive Mechanisms and Ranking Methods (Hardcover)
Expected to ship within 12 - 17 working days
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Contests are prevalent in many areas, including sports, rent
seeking, patent races, innovation inducement, labor markets,
scientific projects, crowdsourcing and other online services, and
allocation of computer system resources. This book provides
unified, comprehensive coverage of contest theory as developed in
economics, computer science, and statistics, with a focus on online
services applications, allowing professionals, researchers and
students to learn about the underlying theoretical principles and
to test them in practice. The book sets contest design in a
game-theoretic framework that can be used to model a wide-range of
problems and efficiency measures such as total and individual
output and social welfare, and offers insight into how the
structure of prizes relates to desired contest design objectives.
Methods for rating the skills and ranking of players are presented,
as are proportional allocation and similar allocation mechanisms,
simultaneous contests, sharing utility of productive activities,
sequential contests, and tournaments.
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