Designing Truthful Contextual Multi-Armed Bandits based Sponsored Search Auctions

In this work, we consider the contextual multi-armed bandit problem in the presence of strategic agents in the context of sponsored search auction. In this setting, an advertising platform (center) runs a repeated auction to select the best-suited ads relevant to the user’s query. The center aspires to select an ad that has a high … Continue reading Designing Truthful Contextual Multi-Armed Bandits based Sponsored Search Auctions

Designing Refund Bonus Schemes for Provision Point Mechanism in Civic Crowdfunding

TL;DR. Civic crowdfunding, the process of raising voluntary contributions from interested agents for public projects, such as public parks, libraries, etc., has grown in popularity in recent decades. As these projects are non-excludable, strategic agents often free-ride, i.e., choose not to contribute. To address this, researchers have used incentive engineering to construct mechanisms that incentivize strategic agents to contribute. This incentive is in … Continue reading Designing Refund Bonus Schemes for Provision Point Mechanism in Civic Crowdfunding