Difference between revisions of "Milestone 4 TuringMachine: Sustainable Reputation Mechanism; Insights from Finance Industry"

From crowdresearch
Jump to: navigation, search
(Tranches Structure Penalties, Incentives)
(Tranches Structure Penalties, Incentives, Default Risk)
Line 10: Line 10:
  
 
===Tranches Structure Penalties, Incentives, Default Risk ===
 
===Tranches Structure Penalties, Incentives, Default Risk ===
* For the requestors in A tranche the minimum wage requirement is avg/below avg. However, for the requestors in D the minimum wage requirement is higher. Similar structure is designed for the worker please see figure 2.  
+
* For the requestors in A tranche the minimum wage requirement is avg/below avg. However, for the requestors in D the minimum wage requirement is higher because he has greater default risk. Similar structure is designed for the worker please see figure 2.  
 
* Based on the ratings we can create the tranches of workers and requestors  
 
* Based on the ratings we can create the tranches of workers and requestors  
 
* This structure exposes the risk involved in the crowdsourcing platforms.  
 
* This structure exposes the risk involved in the crowdsourcing platforms.  

Revision as of 23:03, 25 March 2015

Influence and Related work

The Future of Work, Kittur etal 2013 and Genomes of Collective Intelligence Framework, Malone etal 2010 have shown that Reputation plays a big role in developing sustainable crowd sourcing communities. We build our idea based on theories in structured finance and recommendation system.

Class

Requestor-Worker Ratings

  • Workers and requestors rate each other.
  • An automated tranche creation algorithm clusters workers into A to E category.
Class

Tranches Structure Penalties, Incentives, Default Risk

  • For the requestors in A tranche the minimum wage requirement is avg/below avg. However, for the requestors in D the minimum wage requirement is higher because he has greater default risk. Similar structure is designed for the worker please see figure 2.
  • Based on the ratings we can create the tranches of workers and requestors
  • This structure exposes the risk involved in the crowdsourcing platforms.
  • The workers can build the task portfolio using rating profiles and maximize the profit by diversifying the risk. For instance, a worker can select one task from tranch A, 3 from Avg, and rest from D.
Class