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Bayesian games and their use in auctionsuse in auctions
 

Summary: 11/11/2010
1
Bayesian games and their
use in auctionsuse in auctions
Adapted from notes by Vincent ConitzerAdapted from notes by Vincent Conitzer
What is mechanism design?
In mechanism design, we get to design the
game (or mechanism)
e.g. the rules of the auction, marketplace,
l tielection, ...
Goal is to obtain good outcomes when agents
behave strategically (game-theoretically)
Mechanism design is often considered part of
game theory
2007 Nobel Prize in Economics!
Before we get to mechanism design, first we
need to know how to evaluate mechanisms
11/11/2010
2
Which auction generates more revenue?

  

Source: Allan, Vicki H. - Department of Computer Science, Utah State University

 

Collections: Computer Technologies and Information Sciences