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The order independence of iterated dominance in extensive games
(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 ...
Leveraging possibilistic beliefs in unrestricted combinatorial auctions
(MDPI AG/© Jing Chen, & Silvio Micali, 2016-10-26)
In unrestricted combinatorial auctions, we put forward a mechanism that guarantees a meaningful revenue benchmark based on the possibilistic beliefs that the players have about each other’s valuations. In essence, the ...