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An Information Theoretic Framework For Designing Information Elicitation Mechanisms That Reward Truth-telling

Published: 25 January 2019 Publication History

Abstract

In the setting where information cannot be verified, we propose a simple yet powerful information theoretical framework—the Mutual Information Paradigm—for information elicitation mechanisms. Our framework pays every agent a measure of mutual information between her signal and a peer’s signal. We require that the mutual information measurement has the key property that any “data processing” on the two random variables will decrease the mutual information between them. We identify such information measures that generalize Shannon mutual information.
Our Mutual Information Paradigm overcomes the two main challenges in information elicitation without verification: (1) how to incentivize high-quality reports and avoid agents colluding to report random or identical responses; (2) how to motivate agents who believe they are in the minority to report truthfully.
Aided by the information measures, we found (1) we use the paradigm to design a family of novel mechanisms where truth-telling is a dominant strategy and pays better than any other strategy profile (in the multi-question, detail free, minimal setting where the number of questions is large); (2) we show the versatility of our framework by providing a unified theoretical understanding of existing mechanisms—Bayesian Truth Serum Prelec (2004) and Dasgupta and Ghosh (2013)—by mapping them into our framework such that theoretical results of those existing mechanisms can be reconstructed easily.
We also give an impossibility result that illustrates, in a certain sense, the the optimality of our framework.

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      cover image ACM Transactions on Economics and Computation
      ACM Transactions on Economics and Computation  Volume 7, Issue 1
      February 2019
      123 pages
      ISSN:2167-8375
      EISSN:2167-8383
      DOI:10.1145/3309879
      Issue’s Table of Contents
      Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than the author(s) must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected].

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      Publication History

      Published: 25 January 2019
      Accepted: 01 October 2018
      Revised: 01 June 2018
      Received: 01 January 2018
      Published in TEAC Volume 7, Issue 1

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      Author Tags

      1. Peer prediction
      2. crowdsourcing
      3. information theory
      4. mechanism design

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      • (2024)Dominantly Truthful Peer Prediction Mechanisms with a Finite Number of TasksJournal of the ACM10.1145/363823971:2(1-49)Online publication date: 10-Apr-2024
      • (2024)Spot Check Equivalence: An Interpretable Metric for Information Elicitation MechanismsProceedings of the ACM Web Conference 202410.1145/3589334.3645679(276-287)Online publication date: 13-May-2024
      • (2024)On Truthful Item-Acquiring Mechanisms for Reward MaximizationProceedings of the ACM Web Conference 202410.1145/3589334.3645345(25-35)Online publication date: 13-May-2024
      • (2023)Information Elicitation from Decentralized Crowd Without Verification2023 21st International Symposium on Modeling and Optimization in Mobile, Ad Hoc, and Wireless Networks (WiOpt)10.23919/WiOpt58741.2023.10349884(1-8)Online publication date: 24-Aug-2023
      • (2023)The Square Root Agreement Rule for Incentivizing Truthful Feedback on Online PlatformsManagement Science10.1287/mnsc.2022.437569:1(377-403)Online publication date: 1-Jan-2023
      • (2023)Auditing for Federated Learning: A Model Elicitation ApproachProceedings of the Fifth International Conference on Distributed Artificial Intelligence10.1145/3627676.3627683(1-9)Online publication date: 30-Nov-2023
      • (2023)Measurement Integrity in Peer Prediction: A Peer Assessment Case StudyProceedings of the 24th ACM Conference on Economics and Computation10.1145/3580507.3597744(369-389)Online publication date: 9-Jul-2023
      • (2023)Two Strongly Truthful Mechanisms for Three Heterogeneous Agents Answering One QuestionACM Transactions on Economics and Computation10.1145/356556010:4(1-26)Online publication date: 21-Feb-2023
      • (2023)Surrogate Scoring RulesACM Transactions on Economics and Computation10.1145/356555910:3(1-36)Online publication date: 15-Feb-2023
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