Abstract

We focus on the aggregation of citizen preferences for public projects through civic crowdfunding. Existing civic crowdfunding mechanisms consider only agents with positive valuation towards the public project. Moreover, these mechanisms assume that each agent has a symmetric belief about the project getting provisioned. As public projects aim to cater to the majority, they should be provisioned only if the majority prefers it. To incorporate negative valuations, we propose a methodology to convert existing civic crowdfunding mechanisms for positive preferences to cater to markets having both types of agents. Specifically, we adapt existing PPR and PPS mechanisms to design PPRN and PPSN, that incentivize agents to contribute towards or against the project’s provision: based on their preference. Besides, to address asymmetric beliefs, we propose a novel reward scheme, Belief Based Reward (BBR) based on Robust Bayesian Truth Serum (RBTS) mechanism. BBR rewards agents based on their belief towards the project’s provision. Using this reward scheme, we introduce a general mechanism for civic crowdfunding which allows for agents having asymmetric beliefs towards the project getting provisioned and incentivizes them to contribute towards the project’s provision. We illustrate the general mechanism by designing two novel mechanisms, namely PPRx and PPSx, adapting PPR and PPS respectively, and prove that in both the mechanisms the project is provisioned at equilibrium

Abstract

Auctions are mechanisms which facilitate the buying and selling of goods/items amongst a group of agents. In general, a combinatorial auction, where the agents can bid for combination (s) of items, yields a higher revenue than selling the goods/items individually.

Abstract

In the last decade, civic crowdfunding has proved to be effective in generating funds for the provision of public projects. However, the existing literature deals only with citizen's with positive valuation and symmetric belief towards the project's provision. In this work, we present novel mechanisms which break these two barriers, ie, mechanisms which incorporate negative valuation and asymmetric belief, independently. For negative valuation, we present a methodology for converting existing mechanisms to mechanisms that incorporate agents with negative valuations. Particularly, we adapt existing PPR and PPS mechanisms, to present novel PPRN and PPSN mechanisms which incentivize strategic agents to contribute to the project based on their true preference. With respect to asymmetric belief, we propose a reward scheme Belief Based Reward (BBR) based on Robust Bayesian Truth Serum mechanism. With BBR, we propose a general mechanism for civic crowdfunding which incorporates asymmetric agents. We leverage PPR and PPS, to present PPRx and PPSx. We prove that in PPRx and PPSx, agents with greater belief towards the project's provision contribute more than agents with lesser belief. Further, we also show that contributions are such that the project is provisioned at equilibrium.

Abstract

Although peer prediction markets are widely used in crowdsourcing to aggregate information from agents, they often fail to reward the participating agents equitably. Honest agents can be wrongly penalized if randomly paired with dishonest ones. In this work, we introduce selective and cumulative fairness. We characterize a mechanism as fair if it satisfies both notions and present FaRM, a representative mechanism we designed. FaRM is a Nash incentive mechanism that focuses on information aggregation for spontaneous local activities which are accessible to a limited number of agents without assuming any prior knowledge of the event. All the agents in the vicinity observe the same information. FaRM uses (i) a report strength score to remove the risk of random pairing with dishonest reporters,(ii) a consistency score to measure an agent’s history of accurate reports and distinguish valuable reports,(iii) a reliability score to estimate the probability of an agent to collude with nearby agents and prevents agents from getting swayed, and (iv) a location robustness score to filter agents who try to participate without being present in the considered setting. Together, report strength, consistency, and reliability represent a fair reward given to agents based on their reports.

Abstract

Although peer prediction markets are widely used in crowdsourcing to aggregate information from agents, they often fail to reward the participating agents equitably. Honest agents can be wrongly penalized if randomly paired with dishonest ones. In this work, we introduceemph {selective} andemph {cumulative} fairness. We characterize a mechanism as fair if it satisfies both notions and present FaRM, a representative mechanism we designed. FaRM is a Nash incentive mechanism that focuses on information aggregation for spontaneous local activities which are accessible to a limited number of agents without assuming any prior knowledge of the event. All the agents in the vicinity observe the same information. FaRM usestextit {(i)} aemph {report strength score} to remove the risk of random pairing with dishonest reporters,textit {(ii)} aemph {consistency score} to measure an agent's history of accurate reports and distinguish valuable reports,textit {(iii)} aemph {reliability score} to estimate the probability of an agent to collude with nearby agents and prevents agents from getting swayed, andtextit {(iv)} aemph {location robustness score} to filter agents who try to participate without being present in the considered setting. Together, report strength, consistency, and reliability represent a fair reward given to agents based on their reports.

Abstract

The emergence of e-commerce and e-voting platforms has resulted in the rise in the volume of sensitive information over the Internet. This has resulted in an increased demand for secure and private means of information computation. Towards this, the Yao's Millionaires' problem, ie, to determine the richer among two millionaires' securely, finds an application. In this work, we present a new solution to the Yao's Millionaires' problem namely, Privacy Preserving Comparison (PPC). We show that PPC achieves this comparison in constant time as well as in one execution. PPC uses semi-honest third parties for the comparison who do not learn any information about the values. Further, we show that PPC is collusion-resistance. To demonstrate the significance of PPC, we present a secure, approximate single-minded combinatorial auction, which we call TPACAS, ie, Truthful, Privacy-preserving Approximate Combinatorial Auction for Single-minded bidders. We show that TPACAS, unlike previous works, preserves the following privacies relevant to an auction: agent privacy, the identities of the losing bidders must not be revealed to any other agent except the auctioneer (AU), bid privacy, the bid values must be hidden from the other agents as well as the AU and bid-topology privacy, the items for which the agents are bidding must be hidden from the other agents as well as the AU. We demonstrate the practicality of TPACAS through simulations. Lastly, we also look at TPACAS'implementation over a publicly distributed ledger, such as the Ethereum blockchain.

Abstract

A smart grid is an efficient and sustainable energy system that integrates diverse generation entities, distributed storage capacity, and smart appliances and buildings. A smart grid brings new kinds of participants in the energy market served by it, whose effect on the grid can only be determined through high fidelity simulations. Power TAC offers one such simulation platform using real-world weather data and complex state-of-the-art customer models. In Power TAC, autonomous energy brokers compete to make profits across tariff, wholesale and balancing markets while maintaining the stability of the grid. In this paper, we design an autonomous broker VidyutVanika, the runner-up in the 2018 Power TAC competition. VidyutVanika relies on reinforcement learning (RL) in the tariff market and dynamic programming in the wholesale market to solve modified versions of known Markov Decision Process (MDP) formulations in the respective markets. The novelty lies in defining the reward functions for MDPs, solving these MDPs, and the application of these solutions to real actions in the market. Unlike previous participating agents, VidyutVanika uses a neural network to predict the energy consumption of various customers using weather data. We use several heuristic ideas to bridge the gap between the restricted action spaces of the MDPs and the much more extensive action space available to VidyutVanika. These heuristics allow VidyutVanika to convert near-optimal fixed tariffs to time-of-use tariffs aimed at mitigating transmission capacity fees, spread out its orders across several auctions in the wholesale market to procure energy at a lower price …

Abstract

The high rate of churning users who abandon the Community Question Answering forums (CQAs) may be one of the crucial issues that hinder their development. More personalized question recommendation to users might help to manage this problem better. In this paper, we propose a new algorithm (we name HRCR) that recommends questions to users such to reduce their churning probability. We present our algorithm in a two-fold structure: First, we use Hidden Markov Models (HMMs) to uncover the users’ engagement states inside a CQA. Second, we apply a Reinforcement Learning Model (RL) to recommend users the questions that match better with their engagement mood and thus help them get into a better engagement state (the one with the least churning probability). Experiments on a large-scale offline dataset from Stack Overflow show a meaningful reduction in the churning probability of the

Abstract

In this report, we aim to exemplify concentration inequalities and provide easy to understand proofs for it. Our focus is on the inequalities which are helpful in the design and analysis of machine learning algorithms.

Abstract

Periodic Double Auctions (PDAs) are commonly used in the real world for trading, eg in stock markets to determine stock opening prices, and energy markets to trade energy in order to balance net demand in smart grids, involving trillions of dollars in the process. A bidder, participating in such PDAs, has to plan for bids in the current auction as well as for the future auctions, which highlights the necessity of good bidding strategies. In this paper, we perform an equilibrium analysis of single unit single-shot double auctions with a certain clearing price and payment rule, which we refer to as ACPR, and find it intractable to analyze as number of participating agents increase. We further derive the best response for a bidder with complete information in a single-shot double auction with ACPR. Leveraging the theory developed for single-shot double auction and taking the PowerTAC wholesale market PDA as our testbed, we proceed by modeling the PDA of PowerTAC as an MDP. We propose a novel bidding strategy, namely MDPLCPBS. We empirically show that MDPLCPBS follows the equilibrium strategy for double auctions that we previously analyze. In addition, we benchmark our strategy against the baseline and the state-of-the-art bidding strategies for the PowerTAC wholesale market PDAs, and show that MDPLCPBS outperforms most of them consistently.