Small Profits and Quick Returns: A Practical SocialWelfare Maximizing Incentive Mechanism for Deadline-Sensitive Tasks in Crowdsourcing

Abstract: As the driving force of crowdsourcing is the interaction among participants, various incentive mechanisms have been proposed to attract sufficient participants. However, the existing works assume that all the providers always meet the deadline and the task value accordingly remains constant. To bridge the gap of such impractical assumption, we model the heterogeneous punctuality behavior of providers and the task value depreciation of requesters. Based on those models, we propose an Expected Social Welfare Maximizing (ESWM) mechanism that aims to maximize the expected social welfare in polynomial time. Simulation results show that our heuristic-based mechanism achieves higher expected social welfare and platform utility via attracting more participants.