2018
DOI: 10.1155/2018/4350183
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Analysis of Behavioral Economics in Crowdsensing: A Loss Aversion Cooperation Model

Abstract: The existing incentive mechanisms of crowdsourcing construct the expected utility function based on the assumption of rational people in traditional economics. A large number of studies in behavioral economics have demonstrated the defects of the traditional utility function and introduced a new parameter called loss aversion coefficient to calculate individual utility when it suffers a loss. In this paper, combination of behavioral economics and a payment algorithm based on the loss aversion is proposed. Comp… Show more

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Cited by 9 publications
(5 citation statements)
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References 43 publications
(69 reference statements)
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“…Tey have initiated Specoins, a cryptocurrency intended to cover the costs associated with spectrum transfers. However, the aforementioned reports lack a practical selection mechanism and rarely take into account the possibility of MUs while the SU base station is choosing users [35][36][37]. An approach for assigning cooperative relays in CR networks that makes use of the maximum weight matching (MWM) method is discussed in depth by Cao et al in their paper [38].…”
Section: Related Workmentioning
confidence: 99%
“…Tey have initiated Specoins, a cryptocurrency intended to cover the costs associated with spectrum transfers. However, the aforementioned reports lack a practical selection mechanism and rarely take into account the possibility of MUs while the SU base station is choosing users [35][36][37]. An approach for assigning cooperative relays in CR networks that makes use of the maximum weight matching (MWM) method is discussed in depth by Cao et al in their paper [38].…”
Section: Related Workmentioning
confidence: 99%
“…Loss aversion in behavioral economics [33] means that people are more averse to lose than gain. Behavioral economics has been widely used in the computer field [34][35][36]. In mobile crowdsourcing [34], loss aversion is used to redefine the utility function of nodes.…”
Section: Incentive Mechanism Of Vanetsmentioning
confidence: 99%
“…Behavioral economics has been widely used in the computer field [34][35][36]. In mobile crowdsourcing [34], loss aversion is used to redefine the utility function of nodes. Reference [35] used reciprocal altruism in behavioral economics to promote message delivery in the Internet of Vehicles.…”
Section: Incentive Mechanism Of Vanetsmentioning
confidence: 99%
“…Selecting the Operator. Selecting operators is a key factor in the reduction in population diversity, which reflects the evolutionary direction of the survival of the fittest and determines the search performance of the algorithm [33]. Roulette strategy determines the selection probability according to the fitness of an individual.…”
Section: Adaptive Genetic Algorithmmentioning
confidence: 99%