Tentative Schedule

Lecture Date Topics and Readings Reading Questions Extra Readings Presenter
1 W 9/5 Introduction


Lecture Notes
Yiling


Background



2
M 9/10
Game Theory Review I

If you didn't take CS 286r in Fall'11, read:
Chapter 3, Chapter 5 (5.1 only). Multiagent Systems: Algorithmic, Game-Theoretic, and Logical Foundations, by Y. Shoham and K. Leyton-Brown (2009).

If you took CS 286r in Fall'11 and are familiar with basic concepts of normal-form games and extensive-form games with perfect information, attending this lecture is optional. But you are asked to read the following chapter and submit your reading comments:
Chapter 17. Algorithmic Game Theory, edited by N. Nisan, T. Roughgarden, E. Tardos, and V.V. Vazirani (2007).

RQs
Lecture Notes
Yiling
3
W 9/12 Game Theory Review II

If you didn't take CS 286r in Fall'11, read:
Chapter 5 (5.2 only), Chapter 6 (6.1.1, 6.1.2, and 6.3 only). Multiagent Systems: Algorithmic, Game-Theoretic, and Logical Foundations, by Y. Shoham and K. Leyton-Brown (2009).

If you took CS 286r in Fall'11 and are familiar with extensive-form games with incomplete information, attending this lecture is optional. But you are asked to read the following chapter and submit your reading comments:
Chapter 12. A Course in Game Theory. M. J. Osborne and A. Rubinstein (1994).
RQs
Lecture Notes
Yiling
4
M 9/17 Proper Scoring Rules

Verification of forecasts expressed in terms of probability. G. W. Brier. Monthly Weather Review 78, 1, 1–3, 1950.

Strictly Proper Scoring Rules, Prediction, and Estimation. T. Gneiting and A. E. Raftery, Journal of the American Statistical Association, 2007. (Read Section 1 and Section 3.1. The rest is optional.)
RQs

Lecture Notes
GR'07, LPS'08, Selten'98, HB'71, Savage'71, WM'68, McCarthy'56
Yiling


Prediction Markets


5 W 9/19 Market Scoring Rules and Cost Function Based Market Makers I

Logarithmic Market Scoring Rules for Modular Combinatorial Information Aggregation, R. Hanson, Journal of Prediction Markets, 1(1):3-15, 2007.

David Pennock's blog on how to implement market scoring rules as a market maker.
RQs
Lecture Notes
Hanson'03, CP'07, OPRS'10, CP'07
Yiling
6 M 9/24 Market Scoring Rules and Cost Function Based Market Makers II

Efficient Market Making via Convex Optimization, and a Connection to Online Learning, J. Abernethy, Y. Chen, and J.W. Vaughan, to appear in ACM TEAC.
(Read sections 1-3, the beginning of section 4 [before 4.1], and section 8. The rest is optional.)
RQs
Lecture Notes
OS'11
Yiling
7
W 9/26 Empirical Performance of Prediction Markets

The Promise of Prediction Markets, 
K.J. Arrow et. al., Science, 320, p.877, May 16 2008.

Prediction Markets, J. Wolfers and E. Zitzewitz, The Journal of Economic Perspectives 18(2), 2004.

Prediction Without Markets, S. Goel, D.M. Reeves, D.J. Watts, and D.M. Pennock 
ACM Conference on Electronic Commerce, 2010.
RQs
Presentation
BFNR'01, CP'02, CFH'03, CWZ'08, OS'10
Lily Hsiang + Carl Daher
8
M 10/1 Kelly Betting and Prediction Markets

The Kelly Criterion in Blackjack, Sports Betting, and the Stock Market, E. O. Thorp, International Conference on Gambling and Risk Taking, 1997. (Read sections 1 and 2. The rest is optional.)

Learning Performance of Prediction Markets with Kelly Bettors, A. Beygelzimer, J. Langford, and D.M. Pennock, AAMAS 2012.

RQs
Slides
Pennock's review of the book Fortune's Formula.

More on Kelly Criterion:  Chapter 6 (6.1-6.3) and Chapter 16 (16.1-16.4) of Elements of Information Theory, T.M. Cover and J.A. Thomas (2005)
David Pennock
9
W 10/3 Combinatorial Prediction Markets

Blog post: A Prediction Market Trading Pit for the Digital Age.

Blog post: What is (and what good is) a combinatorial prediction market?

A tractable combinatorial market maker using constraint generation. M. Dudik, S. Lahaie, and D.M. Pennnock, ACM EC 2012.
RQs
Slides
CFLPW'08GP'09, CFNP'07
CFNP2'07, CGP'08, FKPW'04
David Pennock

M 10/8
Columbus Day Holiday


10 W 10/10 Information Aggregation with Bayesian Agents

Information Aggregation in Dynamic Markets with Strategic Traders, M. Ostrovsky, to appear in Econometrica. (Read the parts for market scoring rules. The parts for Kyle's model is optional.)
RQs
Slides
CRV'12, CDHRPHFG'10IGM'11
Eli Schachar + Ryota Iijima
11
M 10/15 Decision Markets

Eliciting Predictions for Discrete Decision Making, Y. Chen, I.A. Kash, M. Ruberry, and V. Shnayder, manuscript, 2012.
RQs
Slides
SCG'09, OS'10b
Mike
12 W 10/17 More on Market Making

A Bayesian Market Maker, A. Brahma, M. Chakraborty, S. Das, A. Lavoie, and M. Magdon-Ismail, ACM EC 2012.
RQs
Slides
CK'11, DMI'09, OS'12, OPRS'10

Andrew Liu + Tianen Li
 

Human Computation, Crowdsourcing and User-Generated Content



13 M 10/22 Human Computation

S. Jain and D. Parkes. A Game-Theoretic Analysis of the ESP Game.  to appear in ACM TEAC.

L. v. Ahn and L. Dabbish. Designing Games with A Purpose. Communications of ACM. 51(8): 58-67, 2008.
RQs
Slides
VLB'06, BLHL'03
Ming Yin + Steve Komarov
14 W 10/24 Getting Crowds to Work

Communitysourcing: Engaging Local Crowds to Perform Expert Work Via Physical Kiosks. K. Heimerl, B. Gawalt, K. Chen, T.S. Parikh, and B. Hartmann, CHI 2012.

Designing incentives for inexpert human raters. A.D. Shaw, J.J. Horton, and D.L. Chen, CSCW 2011.
RQs
Slides
Cool applications: BLMH...'10, BBMK'11, NHZG'11

Incentives: MW'10, ARG'12
Naor Brown + Leah Birch
15 M 10/29 Crowdsourcing Workflow Control

Dynamically Switching between Synergistic Workflows for Crowdsourcing, C.H. Lin, Mausam, D.S. Weld, AAAI 2012.

Crowdsourcing Control: Moving Beyond Multiple Choice, C.H. Lin, Mausam, D.S. Weld, UAI 2012.
RQs
Slides

DMW'10, DMW'11, LCGM'10, KSKK'11
Perry Green + Nate Tucker
16 W 10/31 Crowdsourcing Quality Control

Iterative Learning for Reliable Crowdsourcing System, D.R. Karger, S. Oh, and D. Shah, NIPS 2011.
RQs
Slides
IPW'10
Jao-ke Chin-Lee + Madalina Persu
17 M 11/5 Crowdsourcing Contest

Efficient Crowdsourcing Contest, R. Cavallo and S. Jain, AAMAS 2012.
RQs

Slides
CHS'12, CJ'12, GBKG'12, AS'09, DV'09
Ruggiero Cavallo
18 W 11/7 Social Media and Social Influence

A 61-million-person experiment in social influence and political mobilization. R.M. Bond, C.J. Fariss, J.J. Jones, A.D.I. Kramer, C. Marlow, and J.E. Settle, Nature 2012.

Measuring User Influence in Twitter: The Million Follower Fallacy. M. Cha, H. Haddadi, F. Benevenuto, and K.P. Gummadi. AAAI Conference on Weblogs and Social Media, 2010.
RQs
Slides
GWG'11, GG'12
Nihar Shah + Peter Tu
19 M 11/12 Influence over Social Networks

How to Win Friends and Influence People, Truthfully: Influence Maximization Mechanisms for Social Networks, Y. Singer, ACM WSDM 2012.
RQs
Slides
KKT'03, KR'05, JY'10
Lily Yingyi Gu + Yifan Wu + Jean-Rémy Bancel
20 W 11/14 User-Generated Content

Implementing Optimal Outcomes in Social Computing: A Game-Theoretic Approach, A. Ghosh and P. Hummel, WWW 2012.
RQs
Slides
GM'11, GH'11, GM'12
Peter Zhang + Zagreb Mukerjee
21 M 11/19 General Crowdsourcing Market

A Collaborative Mechanism for Crowdsourcing Prediction Problems, J. Abernethy and R. Frongillo, NIPS 2011.
RQs
Slides
AF'12
Chris Lee + Stewart Richardson

W 11/21
Thanksgiving Recess





Peer Prediction



22
M 11/26 Peer Prediction - The Original Mechanism
Eliciting Honest Feedback: The Peer-Prediction Method, N. Miller, P. Resnick, and R. Zeckhauser, Management Science, 51(9): 1359-1373, 2005.
RQs
Slides
JF'06, JF'07, JF'08, JR'09, PRGJ'08, WP'12
Colin Jia Zheng + Ken Kan
23
W 11/28 Bayesian Truth Serum

 A Bayesian Truth Serum for Subjective Data, D. Prelec, Science, 306 (5695): 462-466, 2004.

An Algorithm That Finds Truth Even If Most People Are Wrong, D. Prelec and H.S. Seung, 2010.

RQs
Slides
DW'08
Joseph Schiavone + Vanessa Tan
24
M 12/3 Robust Bayesian Truth Serum

  A Robust Bayesian Truth Serum for Small Populations, J. Witkowski and D.C. Parkes, AAAI 2012.
RQs
Slides
Bo Waggoner + Mark Bun

F 12/7 Project presentations