A New Approach to Auctions and Mechanism Design
Speaker: Silvio Micali , MITContact:
Date: May 19 2009
Time: 4:15PM to 5:15PM
Host: Scott Aaronson, MIT
be, firstname.lastname@example.orgRelevant URL: http://theory.csail.mit.edu/theory-seminars/2009/Spring/silvio.html
This is a joint TOC-LIDS colloquium.
Mechanism design's goal is to guarantee a given property P, defined on state information known only to a set of players, by leveraging the players' knowledge and rationality. Traditionally, this goal is interpreted as designing a game G such that P holds at one or more of G's equilibria. But due to collusion, as well as computational complexity and privacy concerns, traditional mechanisms may be very far from guaranteeing their desired properties.
We thus put forward a new approach to mechanism design that (1) does not rely on equilibria, (2) is resilient to collusion, and (3) harmonizes incentives with computational complexity and privacy. We exemplify our approach for revenue in combinatorial auctions.
(Joint work with Jing Chen, and part of a joint research effort with Paul Valiant.)
See other events that are part of Theory Colloquium 2008/2009
See other events happening in May 2009