[R] investing in ideas and decision support system experimentation

From: davosjhitch <hitch_at_kluster.com>
Date: Mon, 31 Mar 2008 14:01:24 -0700 (PDT)

we're looking for help to analyze some theoretical data-sets, essentially outlining the progress of a given number of ideas over time, by using R in conjunction with mysql databases.

let's say there is a game, and the point of the game is to find the most worthwhile solution. let's extend that and say that this solution (or number of solutions) need to be validated by a community. and that community can, and has incentive to, promote ideas they think are good. they can do this in multiple ways: investing $ into an idea, rating, commenting on, and adding to the idea.

we need to consider investments, including time of investment relative to life of idea (and life of idea within the game's timeline), and risk taken by the investor at time of investment. it may also be important to look at investment amount trends (and possibly risk trends) in the context of time. the ratio of investment count to unique investment count is also potentially important. investments will not be entirely transparent, that is, a player can see their percentage stake in an idea, but not necessarily how much the other players have invested.

let's say we also introduce a rating system and a way for initial ideas to be 'enhanced.'

now we have multiple possibly estimable parameters that could tell us a story and allow the 'best ideas' within our construct to bubble to the top.

we need help approaching our data sets in a mathematical, algorithmic way. we'd ultimately like help on how to make the decision of *what's the most validated idea* but we don't know quite what distributions or statistical models would be appropriate to use for comparative analyses.

Possible values:
rating: scale from 1-10
investment: limited to individual's available holdings. holdings can range from nothing to potentially billions (although at the time of this writing hover around a max of 50,000).

• ideas and their enhancements may both be rated, but only initial ideas carry an investment value.
• time to submit ideas and vote on or invest in them is limited and that limitation varies widely, but typically ranges from a few hours to many weeks.

some things we're concerned about:
favoring early adopters of ideas; avoiding players 'gaming the system' to push an idea through; making investment importance relative to actual support by the community, not just to larger investors.

View this message in context: http://www.nabble.com/investing-in-ideas-and-decision-support-system-experimentation-tp16399082p16399082.html
Sent from the R help mailing list archive at Nabble.com.

R-help_at_r-project.org mailing list
PLEASE do read the posting guide http://www.R-project.org/posting-guide.html
and provide commented, minimal, self-contained, reproducible code.
Received on Mon 31 Mar 2008 - 21:23:50 GMT

Archive maintained by Robert King, hosted by the discipline of statistics at the University of Newcastle, Australia.
Archive generated by hypermail 2.2.0, at Mon 31 Mar 2008 - 21:30:25 GMT.

Mailing list information is available at https://stat.ethz.ch/mailman/listinfo/r-help. Please read the posting guide before posting to the list.

list of date sections of archive