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

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.