We introduce DeepNash, an autonomous agent capable of learning to play the imperfect information game Stratego from scratch, up to a human expert level. Stratego is one of the few iconic board...
This paper appeared in VLDB'19 and is authored by Maurice Herlihy, Barbara Liskov, and Liuba Shrira. How can autonomous, mutually-distrust...
A broad overview of market mechanisms, with an emphasis on the interplay between theory and real-life applications; examples range from eBay auctions to scho...
1 post published by TheZvi on July 26, 2018
Epistemic Status: Sadly Not Yet Subsidized Robin Hanson linked to my previous post on prediction markets with the following note: I did briefly mention subsidization, as an option for satisfying th…
We are a community of activists, artists, entrepreneurs, and scholars committed to using mechanism design to inspire radical social change.
This article is part of the contribution made by the US Army War College to the series “Compete and Win: Envisioning a Competitive Strategy for the Twenty-First Century.” The series […]
Contests that non-contestants consume for entertainment are a fixture of economic, cultural and political life. We exploit injury-induced changes to teams’ line
The estate-sale industry is fragile and persistent in a way that doesn’t square with the story of the world as we have come to expect it.
Modern AI systems approach tasks like recognising objects in images and predicting the 3D structure of proteins as a diligent student would prepare for an exam. By training on many example...
What your generosity signals about you.
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John Nash’s notion of equilibrium is ubiquitous in economic theory, but a new study shows that it is often impossible to reach efficiently.
They standardized value, which helped collectors to get a sense of the market.
The hidden side of everything
List of research around modern boardgames.
Game Theory is the study of micro-situations where each situation demands a decision that
As Christie’s, Sotheby’s and others vie to lure sellers of big-name artworks, analysts wonder if the houses are running oversize risks.
Quadratic voting is a rated voting method procedure where voters express the degree of their preferences. By doing so, quadratic voting seeks to address issues of the Condorcet paradox and tyranny of the majority. Quadratic voting works by allowing users to "pay" for additional…
Betting markets show Bloomberg as a leading candidate. Really?
The Black–Scholes /ˌblæk ˈʃoʊlz/[1] or Black–Scholes–Merton model is a mathematical model for the dynamics of a financial market containing derivative investment instruments. From the parabolic partial differential equation in the model, known as the Black–Scholes…
Advocates of prediction markets often focus their attention on markets that can be run for profit.
In this classic game theory experiment, you must decide: rat out another for personal benefit, or cooperate? The answer may be more complicated than you think.
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Thousands of years before Monopoly, people were playing games like Senet, Patolli and Chaturanga
If you shop on Amazon, an algorithm rather than a human probably set the price of the service or item you bought. Pricing algorithms have become ubiquitous in online retail as automated systems have grown increasingly affordable and easy to implement. But while companies like…
Chess openings visualized from over 800 million Lichess games, 2 million tournament games and 1 million chess engine games.
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An ancient game known as “hnefatafl” held immense symbolic and religious significance.
A Vickrey–Clarke–Groves (VCG) auction is a type of sealed-bid auction of multiple items. Bidders submit bids that report their valuations for the items, without knowing the bids of the other bidders. The auction system assigns the items in a socially optimal manner: it charges…
Some lawmakers in Colorado tried so-called quadratic voting—and it worked.
It’s the game for anyone who loves shaking Scrabble tiles in the bag. (And you know you do.)
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This book, written in an interactive manner and easy-to-comprehend style, explicates the concepts of game theory. It enables the readers to think strategically in interactions that they may encounter as managers. The book innovatively cites real-world scenarios to highlight the…
When there is an opportunity to gain a positive reputation, individuals are more willing to sacrifice their immediate self-interest. Partner choice creates opportunities for competitive altruism, i.e. individuals compete to be regarded as more generous ...