MDDS | Mechanism Design for Data Science

Summary
The way data science algorithms and techniques, central to the Internet and on-line media, are designed need to be revolutionized. Current designs ignore participants' strategic incentives. Our vision is the establishment of an entirely new repertoire of incentive-compatible data science algorithms and techniques, obtained through pioneering the application of game-theoretic mechanism design for data science.

Game theory is the branch of mathematics dealing with the modeling and analysis of multi-agent interactions.
Mechanism design is the part of game theory that deals with the design of protocols/algorithms for environments consisting of self-motivated participants. Mechanism design has been central to bridging computer science and game theory. It has been widely applied to electronic commerce, advertising and routing networks, and led to significant contributions.
On the other hand, data science is flowering, with major applications in search and information retrieval, on-line recommendation systems, clustering and segmentation, and social networks analysis.
Quite surprisingly, although the incentives of publishers/firms/customers in such data science contexts are of great importance, mechanism design in the related settings has been almost completely neglected.
The proposal aims at building theoretical foundations, providing algorithms, as well as validating through experiments, a fundamental bridge between mechanism design and data science. The ultimate success of this research would be the replacement of classical relevance ranking, segmentation, on-line explore \& exploit, and influencers' detection algorithms by incentive-compatible ones, creating the next generation of data science algorithms..
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More information & hyperlinks
Web resources: https://cordis.europa.eu/project/id/740435
Start date: 01-07-2017
End date: 30-06-2024
Total budget - Public funding: 2 493 705,00 Euro - 2 493 705,00 Euro
Cordis data

Original description

The way data science algorithms and techniques, central to the Internet and on-line media, are designed need to be revolutionized. Current designs ignore participants' strategic incentives. Our vision is the establishment of an entirely new repertoire of incentive-compatible data science algorithms and techniques, obtained through pioneering the application of game-theoretic mechanism design for data science.

Game theory is the branch of mathematics dealing with the modeling and analysis of multi-agent interactions.
Mechanism design is the part of game theory that deals with the design of protocols/algorithms for environments consisting of self-motivated participants. Mechanism design has been central to bridging computer science and game theory. It has been widely applied to electronic commerce, advertising and routing networks, and led to significant contributions.
On the other hand, data science is flowering, with major applications in search and information retrieval, on-line recommendation systems, clustering and segmentation, and social networks analysis.
Quite surprisingly, although the incentives of publishers/firms/customers in such data science contexts are of great importance, mechanism design in the related settings has been almost completely neglected.
The proposal aims at building theoretical foundations, providing algorithms, as well as validating through experiments, a fundamental bridge between mechanism design and data science. The ultimate success of this research would be the replacement of classical relevance ranking, segmentation, on-line explore \& exploit, and influencers' detection algorithms by incentive-compatible ones, creating the next generation of data science algorithms..

Status

SIGNED

Call topic

ERC-2016-ADG

Update Date

27-04-2024
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Horizon 2020
H2020-EU.1. EXCELLENT SCIENCE
H2020-EU.1.1. EXCELLENT SCIENCE - European Research Council (ERC)
ERC-2016
ERC-2016-ADG