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A Reputation-Based Incentive Mechanism for a Crowdsourcing Platform for Financial Awareness

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Collective Online Platforms for Financial and Environmental Awareness (IFIN 2016, ISEM 2016)

Part of the book series: Lecture Notes in Computer Science ((LNISA,volume 10078))

Abstract

This paper presents the design of an incentive mechanism for the so-called PROFIT platform, a crowdsourcing (CS) platform that seeks to promote financial awareness and capability. More specifically, a reputation-based incentive scheme with gamification and social elements, which offers a mix of both implicit and explicit rewards to the most contributive users of the platform, is being proposed here. The incentive mechanism has been designed in a way to appeal to the various different motives of the target users of the platform, in order to encourage their active participation, sustain their interest and engagement, and promote good quality contributions. After reviewing the relevant work regarding incentive mechanisms in CS platforms, we present the rationale behind the design of the proposed scheme, following a five-step approach and presenting the novelties that we introduce, and, lastly, we conclude on some final remarks.

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Notes

  1. 1.

    The realization of the PROFIT’s online questionnaire has received the ethical approval from the Bio-Ethics Committee of the Centre for Research and Technology Hellas with REF No: ETH. COM-19.

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Acknowledgements

This work has been supported by the EU HORIZON 2020 project PROFIT (Contract no: 687895).

Author information

Authors and Affiliations

  1. CERTH-ITI, Thessaloniki, Greece

    Aikaterini Katmada, Anna Satsiou & Ioannis Kompatsiaris

Authors
  1. Aikaterini Katmada
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  2. Anna Satsiou
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  3. Ioannis Kompatsiaris
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Corresponding author

Correspondence to Anna Satsiou .

Editor information

Editors and Affiliations

  1. Information Technologies Institute, Centre for Research and Technology, Thessaloniki, Greece

    Anna Satsiou

  2. Adam Smith Business School, University of Glasgow, Glasgow, United Kingdom

    Georgios Panos

  3. Department of Economics, Democritus University of Thrace, Komotini, Greece

    Ioannis Praggidis

  4. Information Technologies Institute, Centre for Research and Technology, Thessaloniki, Greece

    Stefanos Vrochidis

  5. Information Technologies Institute, Centre for Research and Technology, Thessaloniki, Greece

    Symeon Papadopoulos

  6. DRAXIS Environmental S.A., Thessaloniki, Greece

    Christodoulos Keratidis

  7. DRAXIS Environmental S.A., Thessaloniki, Greece

    Panagiota Syropoulou

  8. Norwegian Institute for Air Research, Tromsø, Norway

    Hai-Ying Liu

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Katmada, A., Satsiou, A., Kompatsiaris, I. (2016). A Reputation-Based Incentive Mechanism for a Crowdsourcing Platform for Financial Awareness. In: Satsiou, A., et al. Collective Online Platforms for Financial and Environmental Awareness. IFIN ISEM 2016 2016. Lecture Notes in Computer Science(), vol 10078. Springer, Cham. https://doi.org/10.1007/978-3-319-50237-3_2

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  • DOI: https://doi.org/10.1007/978-3-319-50237-3_2

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-50236-6

  • Online ISBN: 978-3-319-50237-3

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