The role of information patterns in designing crowdsourcing contests

Gireeja V. Ranade, Lav R Varshney

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

Crowdsourcing contests are used widely by organizations as a means of accomplishing tasks. These organizations would like to maximize the utility obtained through worker submissions to the contest. If this utility is greater than that obtained through alternative means of completing the task (e.g. hiring someone), the task should be crowdsourced. We analyze the utility generated for different types of tasks and provide a rule-of-thumb crowdsourcing contest design. Knowledge about the relative strengths of the workers participating in the contest is an important factor in contest design. When the contest organizer is unsure about the strength of the workers, crowdsourcing contests deliver higher utility than would hiring or assignment. Disseminating worker strength information acts as a lever to influence participation and increase utility in the contest. Finally, while crowdsourcing is a good option for generic tasks, it might perform poorly for highly specialized tasks.

Original languageEnglish (US)
Title of host publicationCreating and Capturing Value through Crowdsourcing
PublisherOxford University Press
Pages154-177
Number of pages24
ISBN (Electronic)9780198816225
DOIs
StatePublished - Jan 1 2018

Fingerprint

Contests
Workers
Hiring
Contest design
Factors
Assignment
Participation
Rules of thumb

Keywords

  • Contest design
  • Contests
  • Crowdsourcing
  • Generic tasks
  • Specialized tasks
  • Worker strength

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)
  • Business, Management and Accounting(all)

Cite this

Ranade, G. V., & Varshney, L. R. (2018). The role of information patterns in designing crowdsourcing contests. In Creating and Capturing Value through Crowdsourcing (pp. 154-177). Oxford University Press. https://doi.org/10.1093/oso/9780198816225.003.0007

The role of information patterns in designing crowdsourcing contests. / Ranade, Gireeja V.; Varshney, Lav R.

Creating and Capturing Value through Crowdsourcing. Oxford University Press, 2018. p. 154-177.

Research output: Chapter in Book/Report/Conference proceedingChapter

Ranade, GV & Varshney, LR 2018, The role of information patterns in designing crowdsourcing contests. in Creating and Capturing Value through Crowdsourcing. Oxford University Press, pp. 154-177. https://doi.org/10.1093/oso/9780198816225.003.0007
Ranade GV, Varshney LR. The role of information patterns in designing crowdsourcing contests. In Creating and Capturing Value through Crowdsourcing. Oxford University Press. 2018. p. 154-177 https://doi.org/10.1093/oso/9780198816225.003.0007
Ranade, Gireeja V. ; Varshney, Lav R. / The role of information patterns in designing crowdsourcing contests. Creating and Capturing Value through Crowdsourcing. Oxford University Press, 2018. pp. 154-177
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