Posted Pricing for Chance Constrained Robust Crowdsensing.

Crowdsensing has been well recognized as a promising approach to enable large scale urban data collection. In a typical crowdsensing system, the task owner usually needs to provide incentives to the users (say participants) to encourage their participation. Among existing incentive mechanisms, posted pricing has been widely adopted because it is easy to implement while ensuring truthfulness and fairness. One critical challenge to the task owner is to set the right posted price to recruit a crowd with small total payment and reasonable sensing quality, i.e., posted pricing problem for robust crowdsensing. However, this fundamental problem remains largely open so far. In this paper, we model the robustness requirement over sensing data quality as chance constraints in an elegant manner, and study a series of chance constrained posted pricing problems in crowdsensing systems. Although some chance-constrained optimization techniques have been applied in the literature, they cannot provide any performance guarantees for their solutions. In this work, we propose a binary search based algorithm, and show that using this algorithm allows us to establish theoretical guarantees on its performance. Extensive numerical simulations demonstrate the effectiveness of our proposed algorithm. [ABSTRACT FROM AUTHOR]