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Rational Robustness for Mechanism Design

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dc.contributor.advisor Silvio Micali Micali, Silvio en_US Chen, Jing en_US
dc.contributor.editor Theory of Computation en 2009-11-10T18:15:12Z 2009-11-10T18:15:12Z 2009-11-10
dc.description first draft en_US
dc.description.abstract The currently prevailing equilibrium-based approach to mechanism design suffers from a plurality of fundamental problems, and new conceptual frameworks are needed to solve or sufficiently alleviate them. In this paper, we put forward rational robustness, a new solution concept/implementation notion that is not equilibrium-based; prove its fundamental structural theorems; and compare it with prior notions. Our notion of implementation is specifically built so as to be robust against the problem of equilibrium selection. We prove it robust against other fundamental problems as well in different papers. en_US
dc.description.sponsorship Work partially supported by ONR Contract Number N00014-09-1-0597. en
dc.format.extent 22 p. en_US
dc.relation.ispartofseries MIT-CSAIL-TR-2009-057
dc.subject Mechanism Design, Implementation, Rational Robustness, Distinguishably Dominated Strategies en_US
dc.title Rational Robustness for Mechanism Design en_US

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