Examples of Mechanism Design: From King Solomon to eBay

Title

Examples of Mechanism Design: From King Solomon to eBay

 Author

De Weerdt, M.M.

Faculty

Electrical Engineering, Mathematics and Computer Science

 Department

Software Computer Technology

 Date

2007-10-10

 Abstract

The judgment of king Solomon is an early example of mechanism design. Mechanism design attempts to achieve desired outcomes in situations with self-interested players by setting the rules of the game in a specific way. We will see that the game Solomon proposed would not have worked if the women were rational, and we will see an alternative mechanism (or game) as proposed by Moore (1992). Then we will relate this mechanism to another mechanism, namely the auction protocol used in e-Bay. Finally, we briefly introduce some mechanism design problems we study in the Algorithmics group (under prof. dr. Cees Witteveen).

 To reference this document use:

http://resolver.tudelft.nl/uuid:89d22fe3-e7c8-47a3-9d61-e88d1a5d2524

 Publisher

WISV Christiaan Huygens

 Source

MaCHazine, 12 (3), 2007

 Part of collection

Institutional Repository

 Document type

journal article

 Rights

(c) 2007 De Weerdt, M.M.
Files
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