AUCTION PROCEDURE FOR USE WITH A SPECIAL PURPOSE DIGITAL COMPUTER FOR AN EFFICIENT ACHIEVEMENT OF LIMITED RESOURCES IN A COMPETING ENVIRONMENT
First Claim
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1. An auction procedure for use with a special purpose digital computer for an efficient achievement of limited resources in a competing environment, including:
- a number of agents ai each of them capable of providing some contribution to a subject K involving some work, action or knowledge to be executed or already developed and authored by one of said agents in an environment or Arena;
an authority that certificates a number of account units on a given currency assigned as a result of a contribution of any of said agents ai;
in said Arena;
a wallet wi containing an amount of currency that belongs to a an agent ai at a given moment;
the method comprising;
each of the agents ai before providing a contribution to a given subject making a bid on a predicted return on action (PRoA) referring a predicted amount value of an action obtainable for a contribution given to a subject K in said environment or Arena;
said bid of said agent ai being based on a PRoA said wallet wi so that maximum amount of the bid is limited for the amount in the wallet;
for any of the agents ai entering into the Arena deduce the amount of the bid based on a PRoA from the corresponding initial wallet wi;
performing a check after at least a given period of time about the return value granted by said authority to a given contribution or (RoA) for any of the agents ai having entered into the Arena with a bid; and
adjusting the wallet wi of the agent ai in case the given contribution thereof has obtained a positive return value (RoA) over the PRoA used in the bid.
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Abstract
An auction procedure intended to replace the known review process by an auction based approach is provided. The better a submitted work by an author, the more this author may bid to have it appear in some congresses or journals. If the assessment of quality represented by the bid is right, the author will be rewarded in some new sort of scientific currency, otherwise the author will suffer loses of the currency.
29 Citations
11 Claims
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1. An auction procedure for use with a special purpose digital computer for an efficient achievement of limited resources in a competing environment, including:
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a number of agents ai each of them capable of providing some contribution to a subject K involving some work, action or knowledge to be executed or already developed and authored by one of said agents in an environment or Arena; an authority that certificates a number of account units on a given currency assigned as a result of a contribution of any of said agents ai;
in said Arena;a wallet wi containing an amount of currency that belongs to a an agent ai at a given moment; the method comprising; each of the agents ai before providing a contribution to a given subject making a bid on a predicted return on action (PRoA) referring a predicted amount value of an action obtainable for a contribution given to a subject K in said environment or Arena; said bid of said agent ai being based on a PRoA said wallet wi so that maximum amount of the bid is limited for the amount in the wallet; for any of the agents ai entering into the Arena deduce the amount of the bid based on a PRoA from the corresponding initial wallet wi; performing a check after at least a given period of time about the return value granted by said authority to a given contribution or (RoA) for any of the agents ai having entered into the Arena with a bid; and adjusting the wallet wi of the agent ai in case the given contribution thereof has obtained a positive return value (RoA) over the PRoA used in the bid. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
where; U={ai} the universe of agents; W={wj} the wallets of all i agents in the universe U, measured in ¢
units;bi,k a bid from an agent ai resulting from a PRoA of said agent ai with respect to a subject k;
such that bi,k<
wi;ki the particular contribution of agent i with respect to k; and and Bk={bi, k} the bids of all i agents with respect to k; for every k that awaits the contributions and bids of the agents in a universe U; for every agent af=winner (Arena (CM, Bk)) with contribution kf, and bid bf, k;
wfin;
=wf−
bf,k;
wfΔ
t;
=wf+RoA(kf)Δ
t
wfen;
=wf+RoA(kf)∝wherein; wfin is the initial wallet of agent af after paying a bid based on a PRoA for k; wfΔ
t is the wallet of agent af after having been updated incrementally by Δ
t intervals with the RoA(kf); and
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3. The auction procedure according to claim 2, wherein when an agent has no amount at a given moment in a corresponding wallet it is necessary to borrow an amount from another agent.
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4. The auction procedure according to claim 2, wherein said authority that certifies results includes an entity acting as a Bank that periodically performs the following:
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verifying the RoA and assigns them to agents (authors) to update their Wallets wi; preventing fraud in terms of fraudulent generation of currency; and escrowing transactions/agreements/loans among agents, etc, and keeping the related correspondence private.
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5. The auction procedure according to claim 4, wherein said authority is in addition a monetary authority to manage the community of agents and to encourage interdisciplinary contributions.
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6. The auction procedure according to claim 2, wherein a contribution method (CM) is used to select contributions that use a given currency in said Arena.
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7. The auction procedure according to claim 2, used for a scientific management wherein said Arena is a scientific context and in that said PRoA is a citation or citations that issuing a work will generate in some scientific community, involving a public act where an agent refers to a contribution of another agent.
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8. The auction procedure according to claim 6, wherein every agent ai is allowed to cite another agent, but not himself, and an external (different from authors cited or citing) authority is allowed to verify the number of citations.
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9. The auction procedure according to claim 8, wherein said external authority is said authority that certificates results.
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10. The auction procedure according to claim 2, wherein said Arena is a commercial environment where said agents ai provide a sale strategy.
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11. The auction procedure according to claim 1, wherein when an agent has no amount at a given moment in a corresponding wallet it is necessary to borrow an amount from another agent.
Specification