Robust Mechanism Design


December 16, 2009


Stephen Morris


Princeton Dept of Economics


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.


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.