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experiments

Experiments

The goal of the experiments is to explore different parameter settings of the mechanism and how that affects the utility of agents.

Parameters

Meta parameters:

  • Interest rate for locked collateral
  • Wealth distribution

Mechanism parameters:

  • Payout function
  • Amount of collateral
  • Valuation of receiving an action
  • Valuation of performing an action

TCR parameters:

  • Boundaries of layers
  • Score for each action
  • Collateral factor

Experiments

We want to execute the following experiments:

  1. Run a sample mechanism without the TCR
  2. Run a mechanism with the TCR with the highest factor set to the collateral of the mechanism, subsequent factors are lower
  3. Run a mechanism with the TCR with the lowest factor set to the collateral of the mechanism, previous factors are higher

Observations

We want to observe the following results:

  • Utility of each agent per round (payout - interest of locked collateral)
  • Social welfare

Further, we want to collect the following data from the smart contracts:

  • Cost of recording an action
  • Cost of updating the ranking