BPI cluster meeting – Participation behavior and social welfare in repeated task allocations

7th December 12:30-13:30 at Pav K.16 we have BPI cluster meeting.

Qing Chuan (Charlie) Ye from  Erasmus University Rotterdam will present his work on
Participation behavior and social welfare in repeated task allocations

Abstract:

Task allocation problems have focused on achieving one-shot optimality. In practice, many task allocation problems are of repeated nature, where the allocation outcome of previous rounds may influence the participation of agents in subsequent rounds, and consequently, the quality of the allocations in the long term. We investigate how allocation influences agents’ decision to participate using prospect theory, and simulate how agents’ participation affects the system’s long term social welfare. We compare two task allocation algorithms in this study, one only considering optimality in terms of costs and the other considering optimality in terms of primarily fairness and secondarily costs. The simulation results demonstrate that fairness incentivizes agents to keep participating and consequently leads to a higher social welfare.

Everyone is invited!