Behavioral Implementation
Implementation theory assumes that participants’ choices are rational,in the sense of being derived from the maximization of a contextindependent preference. The paper investigates implementation under complete information when the mechanism designer is aware that individuals suffer from cognitive biases that lead to violations of IIA, or cannot exclude the possibility of such “irrational” behavior.
Year of publication: |
2012
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Authors: | Clippel, Geoffroy de |
Institutions: | Brown University, Department of Economics |
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