Robust Mechanism Design

Date

December 16, 2009

Speaker

Stephen Morris

Affiliation

Princeton Dept of Economics

Overview

Economists’ analysis of mechanism design under incomplete information relies on strong assumptions about economic agents’ beliefs and common knowledge of those beliefs. This talk will survey an approach to mechanism design that aims to relax those assumptions and thus derives more robust mechanisms. The relationship to prior-free optimal mechanism design in the computer science literature will be discussed.

Speakers

Stephen Morris

Stephen Morris is Professor of Economics at Princeton University. His research has focused on theoretical and applied game theory, with a particular focus on the role of beliefs and higher order beliefs.

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