Incentive Mechanism
Incentive mechanisms aim to motivate participation in collaborative tasks, particularly in distributed machine learning settings like federated learning, where individual agents may be reluctant to contribute data or resources. Current research focuses on designing mechanisms that are both efficient (minimizing costs and maximizing social welfare) and incentive-compatible (ensuring truthful behavior from participants), often employing game theory, contract theory, and reinforcement learning algorithms to achieve this. These mechanisms are crucial for realizing the full potential of collaborative systems in various applications, from industrial digital twins to healthcare metaverses, by ensuring data sharing and resource allocation are optimized for overall system performance and fairness.