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- W1994868401 abstract "This paper outlines an idea of creatively incentivizing home-owners to conserve electricity through a socially competitive lottery-based rewards system. The core idea of this work is in leveraging the power of social network influence to make consumers participate and compete in a lottery so that the resulting engagement consistently enhances the population’s energy spending awareness. The potential value of such a system in generating energy and monetary savings/revenue is investigated via simulation of social influence processes in an agent based simulation framework. The study encompasses three analysis cases: a lottery system with no communication between consumers, a system with the added social influence, and a “fall-back” scenario where people may return to their old habits of not conserving electricity while still communicating among themselves. To model these analysis cases, a standard independent cascade model is employed with influence success thresholds varied between 1% and 10%. The paper concludes by summarizing the simulation results. Pertinent aspects such as generation of lottery prize money, and expected impact on energy savings is also discussed." @default.
- W1994868401 created "2016-06-24" @default.
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- W1994868401 date "2013-11-15" @default.
- W1994868401 modified "2023-09-23" @default.
- W1994868401 title "An Energy Consumption Rewards System to Incentivize Environmentally Conscious Social Behavior" @default.
- W1994868401 doi "https://doi.org/10.1115/imece2013-63927" @default.
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