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Many centralized two-sided markets form a matching between participantsby running a stable marriage algorithm. It is a well-knownfact that no matching mechanism based on a stable marriage algorithmcan guarantee truthfulness as a dominant strategy for participants.However, as we will show in this...
Persistent link: https://www.econbiz.de/10009433254
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
Individuals increasingly rely on social networking platforms to find information and form opinions. However, there are concerns on whether or how these platforms lead to extremism and polarization, especially since they typically aim to maximize engagement which may not align with other social...
Persistent link: https://www.econbiz.de/10012825432
We study a voting scheme for multiple alternatives. Our scheme generalizes the two-alternative quadratic voting scheme of Lalley and Weyl. We prove that our generalization results in an outcome where the most-valued alternative wins, and that the vote totals order alternatives from most-to-least...
Persistent link: https://www.econbiz.de/10012894457
We study a model of social learning and communication using hard anecdotal evidence. There are two Bayesian agents (a sender and a receiver) who wish to communicate. The receiver must take an action whose payoff depends on their personal preferences and an unknown state of the world. The sender...
Persistent link: https://www.econbiz.de/10012510540
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/10009646368
The Folk Theorem for repeated games suggests that finding Nash equilibria in repeated games should be easier than in one-shot games. In contrast, we show that the problem of finding any Nash equilibrium for a three-player infinitely-repeated game is as hard as it is in two-player one-shot games....
Persistent link: https://www.econbiz.de/10008865872
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