The goal of the experiments is to explore different parameter settings of the mechanism and how that affects the utility of agents.
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
We want to execute the following experiments:
- Run a sample mechanism without the TCR
- Run a mechanism with the TCR with the highest factor set to the collateral of the mechanism, subsequent factors are lower
- Run a mechanism with the TCR with the lowest factor set to the collateral of the mechanism, previous factors are higher
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