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In particular, many strategy proof mechanisms have multiple Nash equilibrium, some of which produce undesired outcomes.
2008: the idea is to define an abstract formalism for proof systems, general enough as to encode the main proof mechanisms found in the literature.
RNA viruses, which lack proof mechanisms to ensure fidelity of the genome, accumulate mutations during replication and are the most able to adapt to new hosts.
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Strategy-proof mechanisms eliminate the possibility for gain from strategic misrepresentation of preferences.
The trading mechanism in pairwise meetings is chosen among all individually rational, renegotiation-proof mechanisms to maximize societyʼs welfare.
These results inform the assessment of the costs and benefits of strategy-proof mechanisms and demonstrate broad challenges in mechanism design.
In an independent private value auction environment, we are interested in strategy-proof mechanisms that maximize the agents' residual surplus, that is, the utility derived from the physical allocation minus transfers accruing to an external entity.
This provides a proof-of-concept that ordinal Bayes Nash design might provide a middle path, achieving efficiency gains over strategy-proof mechanisms without relying on real-life agents playing a non-truth-telling equilibrium.
Consequently, it will require the IT industry to work in partnership and deliver scalable identity proofing mechanisms.
Some companies implemented child-proof mechanisms that are so tricky to unlock they're nearly adult-proof as well.
Hence, we find support for the argument that a strategy-proof mechanism "levels the playing field".
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CEO of Professional Science Editing for Scientists @ prosciediting.com