Showing 1 - 10 of 17
We generalize traditional equilibrium concepts for finite games in extensive form with behavioral strategies so that they apply to all games, including games of imperfect recall. Adapting and augmenting previous de finitions (in particular, by Piccione and Rubinstein, and by Battigalli), we de...
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A comprehensive book on combinatorial auctions?auctions in which bidders can bid on packages of items. The book consists of original material intended for researchers, students, and practitioners of auction design. It includes a foreword by Vernon Smith, an introduction to combinatorial...
Persistent link: https://www.econbiz.de/10004997796
An auction is combinatorial when bidders can place bids on combinations of items, called “packages,” rather than just individual items. Computer scientists are interested in combinatorial auctions because they are concerned with the expressiveness of bidding languages, as well as the...
Persistent link: https://www.econbiz.de/10004997805
We revisit classic algorithmic search and optimization problems from the perspective of competition. Rather than a single optimizer minimizing expected cost, we consider a zero-sum game in which an optimization problem is presented to two players, whose only goal is to outperform the opponent....
Persistent link: https://www.econbiz.de/10010282893
We revisit classic algorithmic search and optimization problems from the perspective of competition. Rather than a single optimizer minimizing expected cost, we consider a zero-sum game in which an optimization problem is presented to two players, whose only goal is to outperform the opponent....
Persistent link: https://www.econbiz.de/10009427188
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We study the implementation challenge in an abstract interdependent values model and an arbitrary objective function. We design a mechanism that allows for approximate optimal implementation of insensitive objective functions in ex-post Nash equilibrium. If, furthermore, values are private then...
Persistent link: https://www.econbiz.de/10014172043
The model of a non-Bayesian agent who faces a repeated game with incomplete information against Nature is an appropriate tool for modeling general agent-environment interactions. In such a model the environment state (controlled by Nature) may change arbitrarily, and the feedback/reward function...
Persistent link: https://www.econbiz.de/10014197673