ترجمه مقاله نقش ضروری ارتباطات 6G با چشم انداز صنعت 4.0
- مبلغ: ۸۶,۰۰۰ تومان
ترجمه مقاله پایداری توسعه شهری، تعدیل ساختار صنعتی و کارایی کاربری زمین
- مبلغ: ۹۱,۰۰۰ تومان
Abstract
In noisy contests where only the winner's entry will eventually be implemented, the suitable objective is to maximize the expected quality of the entry of the winner. We compare the optimal set of rules in contests under such an objective to the one under maximization of the sum of contestants’ efforts, which is commonly assumed in the literature, and find that it may be beneficial to exclude weak contestants, unlevel the playing field, and weaken the underdog.
7. Conclusions
In a standard model of lottery contest we study how the optimal set of rules changes when the objective is to maximize the expected effort of the winner (quality contest) as opposed to the conventional case where the objective is the sum of every contestant's effort (aggregative contest). We find that, contrary to an aggregative contest, in a quality contest it may be beneficial to exclude weak contestants, unlevel the playing field, and weaken the underdog. The results of this paper are a first step meant to stress the importance of specifying the focus of the contest according to the applications one wants to embrace, as well as to pave the way for future works in this direction.