Game Theoretic Problems in Network Economics and Mechanism Design Solutions 2009
DOI: 10.1007/978-1-84800-938-7_2
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Foundations of Mechanism Design

Abstract: Mechanism design, an important tool in microeconomics, has recently found widespread applications in modeling and solving decentralized design problems in many branches of engineering, notably computer science, electronic commerce, and network economics. Mechanism design is concerned with settings where a social planner faces the problem of aggregating the announced preferences of multiple agents into a collective decision when the agents exhibit strategic behavior. The objective of this paper is to provide a … Show more

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Cited by 20 publications
(9 citation statements)
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“…We utilise the Shapley value based feature ranking and subset selection algorithm, SVEA [12], to identify the most important S⊆N . Shapley value is a well known solution concept from cooperative game theory [17] for distributing the total worth of a coalition of players fairly among each of them by quantifying each player’s effective marginal contribution. The SVEA algorithm considers the binary classification task as a cooperative game among the features and apportions the total training error among the features using Shapley values.…”
Section: Methodsmentioning
confidence: 99%
“…We utilise the Shapley value based feature ranking and subset selection algorithm, SVEA [12], to identify the most important S⊆N . Shapley value is a well known solution concept from cooperative game theory [17] for distributing the total worth of a coalition of players fairly among each of them by quantifying each player’s effective marginal contribution. The SVEA algorithm considers the binary classification task as a cooperative game among the features and apportions the total training error among the features using Shapley values.…”
Section: Methodsmentioning
confidence: 99%
“…Finally, it is worth mentioning that the field of mechanism design in game theory is specifically devoted to formally determining rules of interactions in order to achieve specific societal outcomes (e.g. Groves et al, 1987 ; Fudenberg & Tirole, 1991 , chapter 7; Osborne & Rubinstein, 1994 , chapter 10; Narahari, 2014 ), and has produced many concrete applications (e.g. Binmore & Klemperer, 2002 ; Tirole, 2017 ).…”
Section: Conceptual Frameworkmentioning
confidence: 99%
“…1. We developed the PRADA-TF to identify a set of team members forming a team that can maximize social welfare of the selected team based on the concept of mechanism design [15]. To the best of our knowledge, this work is the first that considered both diversity and privacy of team members to solve a TF problem, given a task requiring diverse domain expertise for its successful completion.…”
Section: Key Contributionsmentioning
confidence: 99%
“…In this chapter, we describe our proposed PRADA-TF that uses a game theoretic approach using the mechanism design [15]. We describe a player's type, payoff computation, preference revelation, team selection process, and actual behavior modeled in this work.…”
Section: Prada-tfmentioning
confidence: 99%