Now showing items 1-3 of 3

    • Collusive dominant-strategy truthfulness 

      Chen, Jing; Micali, Silvio (© Elsevier B.V., 2012-01-17)
      We show that collusion and wrong beliefs may cause a dramatic efficiency loss in the Vickrey mechanism for auctioning a single good in limited supply. We thus put forward a new mechanism guaranteeing efficiency in a very ...
    • The order independence of iterated dominance in extensive games 

      Chen, Jing; Micali, Silvio (John Wiley & Sons, Inc./© Jing Chen, & Silvio Micali, 2013-01-22)
      Shimoji and Watson (1998) prove that a strategy of an extensive game is rationalizable in the sense of Pearce if and only if it survives the maximal elimination of conditionally dominated strategies. Briefly, this process ...
    • Tight revenue bounds with possibilistic beliefs and level-k rationality 

      Chen, Jing; Micali, Silvio; Pass, Rafael (© The Econometric Society, 2015-07)
      Mechanism design enables a social planner to obtain a desired outcome by leveraging the players’ rationality and their beliefs. It is thus a fundamental, but yet unproven, intuition that the higher the level of rationality ...