Small group forecasting using proportional-prize contests

DOI10.1007/S11238-021-09825-0zbMATH Open1484.91112OpenAlexW3173168511MaRDI QIDQ2114566FDOQ2114566

Authors: Fan Rao, Leonard Wolk, Ronald Peeters 

Publication date: 15 March 2022

Published in: Theory and Decision (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11238-021-09825-0

Recommendations

• Contests with group size uncertainty: experimental evidence
• Optimal prize allocations in group contests
• The promise of pick-the-winners contests for producing crowd probability forecasts
• Shorter prediction intervals for anonymous individual assessments in group decision-making via pairwise comparisons
• Group contest success function: the heterogeneous individuals case
• Sharing the effort costs in group contests

zbMATH Keywords

experimentforecastingbehavioral mechanism designcontests

Mathematics Subject Classification ID

Experimental work for problems pertaining to game theory, economics, and finance (91-05) Mechanism design theory (91B03)

Cites Work

• The Promise of Prediction Contests
• Game-theory models in the allocation of advertising expenditures
• Endogenous entry in contests
• Learning and dropout in contests: an experimental approach

Cited In (3)

• The promise of pick-the-winners contests for producing crowd probability forecasts
• The wisdom of competitive crowds
• Extracting the collective wisdom in probabilistic judgments

Uses Software

• Z-Tree
• ORSEE

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