Evaluating The Conditions For Robust Mechanism Design

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Evaluating the Conditions for Robust Mechanism Design

Author : Takashi Kunimoto
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (837 download)

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Book Synopsis Evaluating the Conditions for Robust Mechanism Design by : Takashi Kunimoto

Download or read book Evaluating the Conditions for Robust Mechanism Design written by Takashi Kunimoto and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We assess the strength of the different conditions identified in the literature of robust mechanism design. We focus on three conditions: ex post incentive compatibility, robust monotonicity, and robust measurability. Ex post incentive compatibility has been shown to be necessary for any concept of robust implementation, while robust monotonicity and robust measurability have been shown to be necessary for robust (full) exact and virtual implementation, respectively. This paper shows that while violations of ex post incentive compatibility and robust monotonicity do not easily go away, we identify a mild condition on environments in which robust measurability is satisfied by all social choice functions over an open and dense subset of first-order types. We conclude that there is a precise sense in which robust virtual implementation can be significantly more permissive than robust exact implementation. -- robust mechanism design ; ex post incentive compatibility ; robust monotonicity ; robust measurability

Robust Mechanism Design

Author : Dirk Bergemann
Publisher : World Scientific
ISBN 13 : 981437458X
Total Pages : 471 pages
Book Rating : 4.8/5 (143 download)

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Book Synopsis Robust Mechanism Design by : Dirk Bergemann

Download or read book Robust Mechanism Design written by Dirk Bergemann and published by World Scientific. This book was released on 2012 with total page 471 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreword by Eric Maskin (Nobel Laureate in Economics, 2007)This volume brings together the collected contributions on the theme of robust mechanism design and robust implementation that Dirk Bergemann and Stephen Morris have been working on for the past decade. The collection is preceded by a comprehensive introductory essay, specifically written for this volume with the aim of providing the readers with an overview of the research agenda pursued in the collected papers.The introduction selectively presents the main results of the papers, and attempts to illustrate many of them in terms of a common and canonical example, namely a single unit auction with interdependent values. It is our hope that the use of this example facilitates the presentation of the results and that it brings the main insights within the context of an important economic mechanism, namely the generalized second price auction.

Robust Mechanism Design

Author : Dirk Bergemann
Publisher : World Scientific
ISBN 13 : 9814374598
Total Pages : 471 pages
Book Rating : 4.8/5 (143 download)

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Book Synopsis Robust Mechanism Design by : Dirk Bergemann

Robust Mechanism Design

Author : Dirk Bergemann
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.:/5 (249 download)

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Book Synopsis Robust Mechanism Design by : Dirk Bergemann

Download or read book Robust Mechanism Design written by Dirk Bergemann and published by . This book was released on 2003 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Evaluating Evidence of Mechanisms in Medicine

Author : Veli-Pekka Parkkinen
Publisher : Springer
ISBN 13 : 3319946102
Total Pages : 131 pages
Book Rating : 4.3/5 (199 download)

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Book Synopsis Evaluating Evidence of Mechanisms in Medicine by : Veli-Pekka Parkkinen

Download or read book Evaluating Evidence of Mechanisms in Medicine written by Veli-Pekka Parkkinen and published by Springer. This book was released on 2018-07-13 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is open access under a CC BY license. This book is the first to develop explicit methods for evaluating evidence of mechanisms in the field of medicine. It explains why it can be important to make this evidence explicit, and describes how to take such evidence into account in the evidence appraisal process. In addition, it develops procedures for seeking evidence of mechanisms, for evaluating evidence of mechanisms, and for combining this evaluation with evidence of association in order to yield an overall assessment of effectiveness. Evidence-based medicine seeks to achieve improved health outcomes by making evidence explicit and by developing explicit methods for evaluating it. To date, evidence-based medicine has largely focused on evidence of association produced by clinical studies. As such, it has tended to overlook evidence of pathophysiological mechanisms and evidence of the mechanisms of action of interventions. The book offers a useful guide for all those whose work involves evaluating evidence in the health sciences, including those who need to determine the effectiveness of health interventions and those who need to ascertain the effects of environmental exposures.

Simple and Robust Mechanism Design

Author : John Benjamin Miller
Publisher :
ISBN 13 :
Total Pages : 138 pages
Book Rating : 4.:/5 (18 download)

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Book Synopsis Simple and Robust Mechanism Design by : John Benjamin Miller

Download or read book Simple and Robust Mechanism Design written by John Benjamin Miller and published by . This book was released on 2018 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: The field of mechanism design seeks mechanisms (auction formats, market reg- ulations, labor contracts, insurance policies, and so on) such that participants, acting in their own self-interest, nonetheless arrive at an outcome desired by the mechanism designer. This theory models problems in online advertising, crowdsourcing, cloud computing, matching employers with employees, and many other domains. In order to be of practical use, however, a mechanism must be easy for participants to understand, and must realistically model the tradeoffs participants consider when deciding how to act. This thesis studies the canonical mechanism design problem of maximizing a seller's revenue. Classically, buyers' preferences have been modeled by the axioms of von Neumann and Morgenstern (1944)'s Expected Utility Theory (EUT). Under the further assumption that buyers are risk-neutral, the optimal mechanism can be characterized as the solution to a linear program. However, this mechanism may be complex, requiring randomness in the outcomes, and is not seen in practice. We therefore pursue two lines of inquiry. In the first, we adopt the classical risk-neutral model, and show that a certain natural and deterministic mechanism suffices to capture a constant fraction of the optimal revenue. In the second, we initiate the study of revenue-optimal mechanisms under behavioral models beyond EUT. We study the Cumulative Prospect Theory (CPT) model (Tversky and Kahneman, 1992), in which a buyer's utility for a randomized outcome does not satisfy linearity. We describe the implications for revenue maximization of this more realistic model, and provide deterministic mechanisms which obtain constant fractions of the optimal revenue.

Essays on Robust Mechanism Design

Author : Wanchang Zhang
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (138 download)

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Book Synopsis Essays on Robust Mechanism Design by : Wanchang Zhang

Download or read book Essays on Robust Mechanism Design written by Wanchang Zhang and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation studies the robust design of institutions when the mechanism designer does not fully know the environment. In Chapter 1, I construct a novel random double auction as a robust bilateral trading mechanism for a profit-maximizing intermediary who facilitates trade between a buyer and a seller. It works as follows. The intermediary publicly commits to charging a fixed commission fee and randomly drawing a spread from a uniform distribution. Then the buyer submits a bid price and the seller submits an ask price simultaneously. If the difference between the bid price and the ask price is greater than the realized spread, then the asset is transacted at the midpoint price, and each pays the intermediary half of the fixed commission fee. Otherwise, no trade takes place, and no one pays or receives anything. I show that the random double auction is a dominant-strategy mechanism, always guarantees a positive profit, and maximizes the profit guarantee across all dominant-strategy mechanisms. In Chapter 2, I study the single-unit auction design when the seller is assumed to have information only about the marginal distribution of a generic bidder's valuation, but does not know the correlation structure of the joint distribution of bidders' valuations. For the two-bidder case, a second-price auction with uniformly distributed random reserve maximizes the worst-case expected revenue across all dominant-strategy mechanisms. For the N-bidder ( N ≥ 3 ) case, a second-price auction with Beta-distributed random reserve is a maxmin mechanism among standard (only a bidder with the highest bid could win the good) dominant-strategy mechanisms. In Chapter 3, I study the auction design of selling multiple goods when the seller only knows the upper bounds of bidders' values for each good and has no additional distributional information. The designer takes a minimax regret approach. The expected regret from a mechanism given a joint distribution over value profiles and an equilibrium is the difference between the full surplus and the expected revenue. I find that a separate second-price auction with random reserves minimizes her worst-case expected regret across all participation-securing Bayesian mechanisms.

Mechanism Design

Author : Kevin Russell
Publisher : CRC Press
ISBN 13 : 1466570180
Total Pages : 369 pages
Book Rating : 4.4/5 (665 download)

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Book Synopsis Mechanism Design by : Kevin Russell

Download or read book Mechanism Design written by Kevin Russell and published by CRC Press. This book was released on 2013-12-02 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the field of mechanism design, kinematic synthesis is a creative means to produce mechanism solutions. Combined with the emergence of powerful personal computers, mathematical analysis software and the development of quantitative methods for kinematic synthesis, there is an endless variety of possible mechanism solutions that users are free to e

An Introduction to the Theory of Mechanism Design

Author : Tilman Borgers
Publisher : Oxford University Press
ISBN 13 : 0190244682
Total Pages : 263 pages
Book Rating : 4.1/5 (92 download)

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Book Synopsis An Introduction to the Theory of Mechanism Design by : Tilman Borgers

Download or read book An Introduction to the Theory of Mechanism Design written by Tilman Borgers and published by Oxford University Press. This book was released on 2015-05-01 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is the best way to auction an asset? How should a group of people organize themselves to ensure the best provision of public goods? How should exchanges be organized? In An Introduction to the Theory of Mechanism Design, Tilman Börgers addresses these questions and more through an exploration of the economic theory of mechanism design. Mechanism design is reverse game theory. Whereas game theory takes the rules of the game as a given and makes predictions about the behavior of strategic players, the theory of mechanism design goes a step further and selects the optimal rules of the game. A relatively new economic theory, mechanism design studies the instrument itself as well as the results of the instrument. An Introduction to the Theory of Mechanism Design provides rigorous but accessible explanations of classic results in the theory of mechanism design, such as Myerson's theorem on expected revenue maximizing auctions, Myerson and Satterthwaite's theorem on the impossibility of ex post efficient bilateral trade with asymmetric information, and Gibbard and Satterthwaite's theorem on the non-existence of dominant strategy voting mechanisms. Börgers also provides an examination of the frontiers of current research in the area with an original and unified perspective that will appeal to advanced students of economics.

Assessment of Planetary Protection Requirements for Spacecraft Missions to Icy Solar System Bodies

Author : National Research Council
Publisher : National Academies Press
ISBN 13 : 0309256755
Total Pages : 94 pages
Book Rating : 4.3/5 (92 download)

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Book Synopsis Assessment of Planetary Protection Requirements for Spacecraft Missions to Icy Solar System Bodies by : National Research Council

Download or read book Assessment of Planetary Protection Requirements for Spacecraft Missions to Icy Solar System Bodies written by National Research Council and published by National Academies Press. This book was released on 2012-08-10 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: NASA's exploration of planets and satellites during the past 50 years has led to the discovery of traces of water ice throughout the solar system and prospects for large liquid water reservoirs beneath the frozen ICE shells of multiple satellites of the giant planets of the outer solar system. During the coming decades, NASA and other space agencies will send flybys, orbiters, subsurface probes, and, possibly, landers to these distant worlds in order to explore their geologic and chemical context. Because of their potential to harbor alien life, NASA will select missions that target the most habitable outer solar system objects. This strategy poses formidable challenges for mission planners who must balance the opportunity for exploration with the risk of contamination by Earth's microbes, which could confuse the interpretation of data obtained from these objects. The 2000 NRC report Preventing the Forward Contamination of Europa provided a criterion that was adopted with prior recommendations from the Committee on Space Research of the International Council for Science. This current NRC report revisits and extends the findings and recommendations of the 2000 Europa report in light of recent advances in planetary and life sciences and, among other tasks, assesses the risk of contamination of icy bodies in the solar system.

Gender Equality and Social Inclusion Assessment of the Energy Sector

Author : Asian Development Bank
Publisher : Asian Development Bank
ISBN 13 : 9292610899
Total Pages : 176 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis Gender Equality and Social Inclusion Assessment of the Energy Sector by : Asian Development Bank

Download or read book Gender Equality and Social Inclusion Assessment of the Energy Sector written by Asian Development Bank and published by Asian Development Bank. This book was released on 2018-02-01 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Nepal, deeply embedded structural conditions determined by gender, caste or ethnicity, religion, language, and even geography have made access to and benefits from energy resources highly uneven. Women, the poor, and excluded groups experience energy poverty more severely. To address this imbalance, the government and other stakeholders have introduced measures to achieve greater gender equality and social inclusion. This study is an attempt to understand the factors affecting the outcomes and extent to which the initiatives have fostered gender equality and social inclusion. The study recommends measures to facilitate the distributive impact of energy sector development if Nepal is to meet its target of ensuring energy access to all.

Evaluation Roots

Author : Marvin C. Alkin
Publisher : SAGE Publications
ISBN 13 : 1483333078
Total Pages : 441 pages
Book Rating : 4.4/5 (833 download)

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Book Synopsis Evaluation Roots by : Marvin C. Alkin

Download or read book Evaluation Roots written by Marvin C. Alkin and published by SAGE Publications. This book was released on 2012-04-12 with total page 441 pages. Available in PDF, EPUB and Kindle. Book excerpt: Evaluation Roots: A Wider Perspective of Theorists’ Views and Influences, Second Edition provides an updated examination of current evaluation theories and traces their evolution. Marvin C. Alkin shows how theories build upon theories and how the theories are related to each other. The way in which these evaluation "roots" grew to form a tree helps to provide a better understanding of evaluation theory. In addition to the editor's overview, the book contains essays by leading evaluation theorists. In these pieces, the evaluators comment on their own development and give their views of their placement upon the tree. **All royalties from sales of this book are donated to support the AEA Research on Evaluation Student Award.**

Decision Making under Deep Uncertainty

Author : Vincent A. W. J. Marchau
Publisher : Springer
ISBN 13 : 3030052524
Total Pages : 408 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis Decision Making under Deep Uncertainty by : Vincent A. W. J. Marchau

Download or read book Decision Making under Deep Uncertainty written by Vincent A. W. J. Marchau and published by Springer. This book was released on 2019-04-04 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book focuses on both the theory and practice associated with the tools and approaches for decisionmaking in the face of deep uncertainty. It explores approaches and tools supporting the design of strategic plans under deep uncertainty, and their testing in the real world, including barriers and enablers for their use in practice. The book broadens traditional approaches and tools to include the analysis of actors and networks related to the problem at hand. It also shows how lessons learned in the application process can be used to improve the approaches and tools used in the design process. The book offers guidance in identifying and applying appropriate approaches and tools to design plans, as well as advice on implementing these plans in the real world. For decisionmakers and practitioners, the book includes realistic examples and practical guidelines that should help them understand what decisionmaking under deep uncertainty is and how it may be of assistance to them. Decision Making under Deep Uncertainty: From Theory to Practice is divided into four parts. Part I presents five approaches for designing strategic plans under deep uncertainty: Robust Decision Making, Dynamic Adaptive Planning, Dynamic Adaptive Policy Pathways, Info-Gap Decision Theory, and Engineering Options Analysis. Each approach is worked out in terms of its theoretical foundations, methodological steps to follow when using the approach, latest methodological insights, and challenges for improvement. In Part II, applications of each of these approaches are presented. Based on recent case studies, the practical implications of applying each approach are discussed in depth. Part III focuses on using the approaches and tools in real-world contexts, based on insights from real-world cases. Part IV contains conclusions and a synthesis of the lessons that can be drawn for designing, applying, and implementing strategic plans under deep uncertainty, as well as recommendations for future work. The publication of this book has been funded by the Radboud University, the RAND Corporation, Delft University of Technology, and Deltares.

CSCW Requirements and Evaluation

Author : Peter Thomas
Publisher : Springer Science & Business Media
ISBN 13 : 1447130561
Total Pages : 203 pages
Book Rating : 4.4/5 (471 download)

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Book Synopsis CSCW Requirements and Evaluation by : Peter Thomas

Download or read book CSCW Requirements and Evaluation written by Peter Thomas and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is a rapidly-growing commercial awareness of the need for evaluation in CSCW as major producers push to get cooperative technology taken up in commercial organisations. CSCW Requirements and Evaluation looks at ways of evaluating how well computer systems meet the requirements of organisations and their workforces, and establishing how effective, efficient and satisfactory they are for the actual users. It provides an integrated framework for assessment which reflects both practical and academic perspectives. Descriptions of various methods are given, along with examples of their commercial application and specific case studies. Containing contributions from leading authorities in the field, this book will be welcomed by scientists and practitioners involved in organisational research, CSCW, information and business systems, and HCI.

Introduction to Mechanism Design

Author : Eric Constans
Publisher : CRC Press
ISBN 13 : 1351727621
Total Pages : 760 pages
Book Rating : 4.3/5 (517 download)

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Book Synopsis Introduction to Mechanism Design by : Eric Constans

Download or read book Introduction to Mechanism Design written by Eric Constans and published by CRC Press. This book was released on 2018-07-20 with total page 760 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction to Mechanism Design: with Computer Applications provides an updated approach to undergraduate Mechanism Design and Kinematics courses/modules for engineering students. The use of web-based simulations, solid modeling, and software such as MATLAB and Excel is employed to link the design process with the latest software tools for the design and analysis of mechanisms and machines. While a mechanical engineer might brainstorm with a pencil and sketch pad, the final result is developed and communicated through CAD and computational visualizations. This modern approach to mechanical design processes has not been fully integrated in most books, as it is in this new text.

The Elgar Companion to Information Economics

Author : Daphne R. Raban
Publisher : Edward Elgar Publishing
ISBN 13 : 1802203966
Total Pages : 579 pages
Book Rating : 4.8/5 (22 download)

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Book Synopsis The Elgar Companion to Information Economics by : Daphne R. Raban

Download or read book The Elgar Companion to Information Economics written by Daphne R. Raban and published by Edward Elgar Publishing. This book was released on 2024-03-14 with total page 579 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Elgar Companion to Information Economics dexterously navigates this interdisciplinary field of research which celebrates the crucial contribution of information to decision making, market dynamics, and economic well-being. Offering a wealth of conceptual analysis, this erudite Companion embarks on an intellectual journey exploring the fundamentals of information economics. This title contains one or more Open Access chapters.

OECD Public Governance Reviews Monitoring and Evaluating the Strategic Plan of Nuevo León 2015-2030 Using Evidence to Achieve Sustainable Development

Download OECD Public Governance Reviews Monitoring and Evaluating the Strategic Plan of Nuevo León 2015-2030 Using Evidence to Achieve Sustainable Development PDF Online Free

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264854428
Total Pages : 160 pages
Book Rating : 4.2/5 (648 download)

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Book Synopsis OECD Public Governance Reviews Monitoring and Evaluating the Strategic Plan of Nuevo León 2015-2030 Using Evidence to Achieve Sustainable Development by : OECD

Download or read book OECD Public Governance Reviews Monitoring and Evaluating the Strategic Plan of Nuevo León 2015-2030 Using Evidence to Achieve Sustainable Development written by OECD and published by OECD Publishing. This book was released on 2021-04-28 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pursuing sustainable development requires a whole-of-society effort, where the public sector engages with citizens, the private sector and civil society organisations. With this goal in mind, in 2014, the Nuevo León (Mexico) government created the Nuevo León’s Council for Strategic Planning to develop, inter alia, a 2015-2030 Strategic Plan.