CRM: Centro De Giorgi
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Advances in Mathematical Finance and Optimal Transport

Truth-Incentive Surveys

speaker: Jaksa Cvitanic (California Institute of Technology)

abstract: "In this talk, I will present some results on the problem of eliciting honest responses to a multiple choice question (MCQ) in a survey of a sample of respondents, as might appear in a market research study, opinion poll or economics experiment. Since the original ""Bayesian Truth Serum"" (BTS) of Prelec (2004), many other truth-incentive mechanisms have been found. We introduce a new one, which is particularly simple. Under our, so-called choice-matching mechanism, respondents are compensated through an auxiliary task, e.g., a personal consumption choice or a forecast. Their compensation depends both on their performance on the auxiliary task, and on the performance of those respondents who matched their response to the MCQ. I will also discuss conditions under which BTS is the unique mechanism that correctly ranks experts. The talk is based on joint papers with D. Prelec, S. Radas, B. Riley, H. Sikic and B. Tereick."

Wed 29 Jun, 14:30 - 15:15, Aula Dini
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