Pith. sign in

REVIEW 1 cited by

Learning to Incentivize Information Acquisition: Proper Scoring Rules Meet Principal-Agent Model

Not yet reviewed by Pith; the record is open.

This paper has not been read by Pith yet. Machine review is queued; the pith claim, tier, and objections will appear here once it completes.

SPECIMEN: schema-true, not a live event

T0 review · schema-true

One-sentence machine reading of the paper's core claim.

pith:XXXXXXXX · record.json · timestamp

arxiv 2303.08613 v2 pith:WBUZ4HOF submitted 2023-03-15 cs.LG cs.AIcs.GTecon.THstat.ML

classification cs.LGcs.AIcs.GTecon.THstat.ML
keywords agentprincipalinformationalgorithmproblemscoringacquisitionincentivized
verification ladder T0 review T1 audit T2 compute T3 formal
0 comments
abstract

We study the incentivized information acquisition problem, where a principal hires an agent to gather information on her behalf. Such a problem is modeled as a Stackelberg game between the principal and the agent, where the principal announces a scoring rule that specifies the payment, and then the agent then chooses an effort level that maximizes her own profit and reports the information. We study the online setting of such a problem from the principal's perspective, i.e., designing the optimal scoring rule by repeatedly interacting with the strategic agent. We design a provably sample efficient algorithm that tailors the UCB algorithm (Auer et al., 2002) to our model, which achieves a sublinear $T^{2/3}$-regret after $T$ iterations. Our algorithm features a delicate estimation procedure for the optimal profit of the principal, and a conservative correction scheme that ensures the desired agent's actions are incentivized. Furthermore, a key feature of our regret bound is that it is independent of the number of states of the environment.

Discussion (0). Sign in to comment.

Forward citations

Cited by 1 Pith paper

Reviewed papers in the Pith corpus that reference this work. Sorted by Pith novelty score.

  1. Incentivizing Information Acquisition

    econ.TH 2024-10 unverdicted novelty 6.0 of 10

    Identifies a sufficient and necessary condition on signal distributions ensuring optimal cutoff incentive contracts exist in a continuous-state information acquisition model.

Pith tools