Abstract
A unique characteristic of crowdsourcing contest is the coexistence of multiple contests and each individual contestant strategically chooses the contest that maximizes his/her expected gain. The competition between contests for contestants significantly changes the optimal allocation of prizes for contest organizers. We show that the contestants with higher ability prefer to single-prize contests while those with lower ability prefer to multiple-prize contests, which makes single-prize contest is no longer the optimal choice for organizers as it was in the context of a single contest. We demonstrate that the organizers may allocate multiple prizes whether they intent to maximize total efforts or highest efforts, and presents the condition under which the multiple-prize approach will be optimal.
| Original language | English (US) |
|---|---|
| Title of host publication | Proceedings of the International Conference on Electronic Business (ICEB) |
| Pages | 653-660 |
| Number of pages | 8 |
| State | Published - 2010 |
| Externally published | Yes |
| Event | 10th International Conference on Electronic Business - Service-Oriented E-Business, ICEB 2010 - Shanghai, China Duration: Dec 1 2010 → Dec 4 2010 |
Other
| Other | 10th International Conference on Electronic Business - Service-Oriented E-Business, ICEB 2010 |
|---|---|
| Country/Territory | China |
| City | Shanghai |
| Period | 12/1/10 → 12/4/10 |
ASJC Scopus subject areas
- General Business, Management and Accounting
- General Computer Science