Objective
Nowadays, we witness that more and more information is stored and managed in a digital way. Moreover, very often processes are executed and planed by computers. This allows applying computer methods to optimize performance of our actions on an unprecedented scale. This is clearly visible in the case of eCommerce, where the main arena of operation of companies is handled solely using computers. Typically, machine learning tools and algorithms are widely used, e.g. for the prediction of user behavior, user classification, or in recommendation systems. When applying such tools one needs to base his computations on existing historical data. This limits the prediction power of such systems, as we cannot predict the reaction of the users nor of the markets to changes in our strategy. In the case of bidding for Ads in online auctions, we only have full information about the auctions we have won, but in the case of lost auctions we only know that we have lost. Hence, it is almost impossible to predict which auctions we would win using only plain historical data. This problem calls for a novel approach that could extrapolate missing information. Here, we propose the development of such framework together with the programming library that would support such extrapolation. This new framework will incorporate algorithmic game theory into the existing approximation and machine learning algorithms. Game theory gives the right tools to talk about incentives of strategic agents and allows predicting response of market actors to changing conditions. Our idea is to describe these incentives and to build a force feedback loop between market models and algorithmic optimization methods. We will first extract and learn the parameters of the market models from the historical data, only then the extrapolated model will be used as the benchmark for the optimization methods. This novel idea will allow to use optimization tools in the previously intractable parameter range.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
- social sciences economics and business business and management commerce e-commerce
- natural sciences mathematics applied mathematics game theory
- natural sciences computer and information sciences artificial intelligence machine learning
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.1.1. - EXCELLENT SCIENCE - European Research Council (ERC)
MAIN PROGRAMME
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
ERC-POC - Proof of Concept Grant
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) ERC-2015-PoC
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
00-927 WARSZAWA
Poland
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.