The Game theory and mathematical economics research seminar takes place on Sundays at 16:00 at Elath Hall, 2nd floor, Feldman Building, Edmond J. Safra Campus. One can also find the schedule here.
Elath Hall, 2nd floor, Feldman Building, Edmond J. Safra Campus
We consider the problem of maximizing the revenue from selling a number of goods (or items). In this talk we will focus on approximation results and on the "menu-size" as a measure of auction complexity which affects the revenue. * All the relevant concepts will be introduced in the talk.* The talk is mostly independent of the talk given earlier this year.
Elath Hall, 2nd floor, Feldman Building, Edmond J. Safra Campus
Guided by several key examples, we formulate a definition of essential sequential equilibrium for multi-stage games with infinite type sets and infinite action sets, and we prove its general existence.
Elath Hall, 2nd floor, Feldman Building, Edmond J. Safra Campus
We discuss a new class of indices taking into account agents'preferences to coalesce.An axiomatization of these indices are presented.These indices are used to evaluate power distribution in Russian parliament in new era and in Empire period, in the Reichstag of Weimar Republic, in IMF, in Russian banks.
Topic: Weighted Utilitarianism, Edgeworth, and the Market (joint work with Rossella Argenziano)
Place: Elath Hall, 2nd floor, Feldman Building, Edmond Safra Campus
Time: Sunday, March 6, 2016 at 4:00 p.m.
Refreshments available at 3:30 p.m.
YOU ARE CORDIALLY INVITED
Elath Hall, 2nd floor, Feldman Building, Edmond J. Safra Campus
We consider a Hotelling game where a finite number of retailers choose a location, given that their potential customers are distributed on a network. Retailers do not compete on price but only on location. We show that when the number of retailers is large enough, the game admits a pure Nash equilibrium and we construct it. We then compare the equilibrium cost bore by the consumers with the cost that could be achieved if the retailers followed the dictate of a benevolent planner. We look at this efficiency of equilibrium asymptotically in the number of retailers.
Elath Hall, 2nd floor, Feldman Building, Edmond J. Safra Campus
This paper considers a sequential social learning game with a general utility function, state and action space. We establish that the value of private information converges to zero almost surely in every Perfect Bayesian equilibrium of any sequential social learning game.We use this result to show that totally unbounded signals are necessary and sufficient for asymptotic learning to hold in every sequential social learning game. Finally, we assume that the utility function of each agent is a private random draw and establish robustness of our results. (Joint with M. Mueller-Frank).
Read more about Game Theory & Math Economics: Itai Arieli (Technion) - "Social Learning and the Vanishing Value of Private Information"
Elath Hall, 2nd floor, Feldman Building, Edmond J. Safra Campus
We show that feasible elimination procedures (Peleg, 1978) can be used to select k from m alternatives. An important advantage of this method is the core property: no coalition can guarantee an outcome that is preferred by all its members.
