Artikel
Simple bets to elicit private signals
This paper introduces two simple betting mechanisms, Top-Flop and Threshold betting, to elicit unverifiable information from crowds. Agents are offered bets on the rating of an item about which they received a private signal versus that of a random item. We characterize conditions for the chosen bet to reveal the agents' private signal even if the underlying ratings are biased. We further provide micro-economic foundations of the ratings, which are endogenously determined by the actions of other agents in a game setting. Our mechanisms relax standard assumptions of the literature, such as common prior, and homogeneous and risk neutral agents.
- Language
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Englisch
- Bibliographic citation
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Journal: Theoretical Economics ; ISSN: 1555-7561 ; Volume: 16 ; Year: 2021 ; Issue: 3 ; Pages: 777-797 ; New Haven, CT: The Econometric Society
- Classification
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Wirtschaft
- Subject
-
Bets
private signals
Bayesian game
elicitation
- Event
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Geistige Schöpfung
- (who)
-
Baillon, Aurélien
Xu, Yan
- Event
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Veröffentlichung
- (who)
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The Econometric Society
- (where)
-
New Haven, CT
- (when)
-
2021
- DOI
-
doi:10.3982/TE4343
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Baillon, Aurélien
- Xu, Yan
- The Econometric Society
Time of origin
- 2021
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