Resource data
Perfect Implementation of Normal-Form Mechanisms
Izmalkov, Sergei Lepinski, Matt Micali, Silvio
Location:
MIT-CSAIL-TR-2008-028
http://hdl.handle.net/1721.1/41527
Privacy and trust affect our strategic thinking, yet they have not been precisely modeled in mechanism design. In settings of incomplete information, traditional implementations of a normal-form mechanism ---by disregarding the players' privacy, or assuming trust in a mediator--- may not be realistic and fail to reach the mechanism's objectives. We thus investigate implementations of a new type.We put forward the notion of a perfect implementation of a normal-form mechanism M: in essence, an extensive-form mechanism exactly preserving all strategic properties of M, WITHOUT relying on a trusted mediator or violating the privacy of the players. We prove that ANY normal-form mechanism can be perfectly implemented by a PUBLIC mediator using envelopes and an envelope-randomizing device (i.e., the same tools used for running fair lotteries or tallying secret votes). Differently from a trusted mediator, a public one only performs prescribed public actions, so that everyone can verify that he is acting properly, and never learns any information that should remain private.
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Detalles del recurso
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Perfect Implementation of Normal-Form Mechanisms
|
| Id. |
34781496 |
| Titulo |
Perfect Implementation of Normal-Form Mechanisms |
| Autor(es) |
Izmalkov, Sergei Lepinski, Matt Micali, Silvio |
| Location |
MIT-CSAIL-TR-2008-028
http://hdl.handle.net/1721.1/41527
|
| Versión |
1.0 |
| Estado |
Final
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| Descripción |
Privacy and trust affect our strategic thinking, yet they have not been precisely modeled in mechanism design. In settings of incomplete information, traditional implementations of a normal-form mechanism ---by disregarding the players' privacy, or assuming trust in a mediator--- may not be realistic and fail to reach the mechanism's objectives. We thus investigate implementations of a new type.We put forward the notion of a perfect implementation of a normal-form mechanism M: in essence, an extensive-form mechanism exactly preserving all strategic properties of M, WITHOUT relying on a trusted mediator or violating the privacy of the players. We prove that ANY normal-form mechanism can be perfectly implemented by a PUBLIC mediator using envelopes and an envelope-randomizing device (i.e., the same tools used for running fair lotteries or tallying secret votes). Differently from a trusted mediator, a public one only performs prescribed public actions, so that everyone can verify that he is acting properly, and never learns any information that should remain private. |
| Tipo |
42 p. |
| Tipo de Interactividad |
Expositivo
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| Nivel de Interactividad |
muy bajo
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| Audiencia |
Estudiante
Profesor
Autor
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| Estructura |
Atomic |
| Coste |
no
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| Copyright |
sí
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| Formatos |
42 p. |
| Requerimientos técnicos |
Browser: Any |
| Relación |
[References] Massachusetts Institute of Technology Computer Science and Artificial Intelligence Laboratory
[References] null
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| Fecha de contribución |
09-may-2008 |
| Contacto |
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