Methods for eliciting honest subjective reports by comparing respondents against each other statistically.
Cluster: Mechanism Design
Methods for eliciting honest subjective reports by comparing respondents against each other statistically.
Referenced in 2 articles
Explains the SKC (Srinivasan, Karger, Chen) mechanism for prediction markets on unverifiable outcomes. Markets resolve using crowd consensus as the outcome, with delta-based scoring rewarding participants for moving markets toward final consensus. Enables markets for subjective questions lacking ground truth.
Academic survey of prediction mechanism design from a mechanism design perspective. Covers scoring rules, market scoring rules (LMSR), cost-function-based market makers, dynamic parimutuel markets, incentive compatibility, combinatorial markets, and peer prediction systems for subjective events where ground truth doesn't exist.