2 Search Results for "Oren, Sigal"


Document
Computational Social Dynamics (Dagstuhl Seminar 22452)

Authors: Martin Hoefer, Sigal Oren, Roger Wattenhofer, and Giovanna Varricchio

Published in: Dagstuhl Reports, Volume 12, Issue 11 (2023)


Abstract
This report documents the program and outcomes of Dagstuhl Seminar 22452 "Computational Social Dynamics". The seminar addressed social and dynamic problems in the field of algorithmic game theory, and their implications in numerous applications, such as fair division, financial networks, or behavioral game theory. We summarize organizational aspects of the seminar, the talk abstracts, and the problems that were discussed in the open problem sessions.

Cite as

Martin Hoefer, Sigal Oren, Roger Wattenhofer, and Giovanna Varricchio. Computational Social Dynamics (Dagstuhl Seminar 22452). In Dagstuhl Reports, Volume 12, Issue 11, pp. 28-44, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2023)


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@Article{hoefer_et_al:DagRep.12.11.28,
  author =	{Hoefer, Martin and Oren, Sigal and Wattenhofer, Roger and Varricchio, Giovanna},
  title =	{{Computational Social Dynamics (Dagstuhl Seminar 22452)}},
  pages =	{28--44},
  journal =	{Dagstuhl Reports},
  ISSN =	{2192-5283},
  year =	{2023},
  volume =	{12},
  number =	{11},
  editor =	{Hoefer, Martin and Oren, Sigal and Wattenhofer, Roger and Varricchio, Giovanna},
  publisher =	{Schloss Dagstuhl -- Leibniz-Zentrum f{\"u}r Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{https://drops-dev.dagstuhl.de/entities/document/10.4230/DagRep.12.11.28},
  URN =		{urn:nbn:de:0030-drops-178346},
  doi =		{10.4230/DagRep.12.11.28},
  annote =	{Keywords: algorithmic game theory, behavioral economics, fair division, financial networks, social networks}
}
Document
Mechanism Design with Moral Bidders

Authors: Shahar Dobzinski and Sigal Oren

Published in: LIPIcs, Volume 215, 13th Innovations in Theoretical Computer Science Conference (ITCS 2022)


Abstract
A rapidly growing literature on lying in behavioral economics and psychology shows that individuals often do not lie even when lying maximizes their utility. In this work, we attempt to incorporate these findings into the theory of mechanism design. We consider players that have a preference for truth-telling and will only lie if their benefit from lying is sufficiently larger than the loss of the others. To accommodate such players, we introduce α-moral mechanisms, in which the gain of a player from misreporting his true value, comparing to truth-telling, is at most α times the loss that the others incur due to misreporting. Note that a 0-moral mechanism is a truthful mechanism. We develop a theory of moral mechanisms in the canonical setting of single-item auctions within the "reasonable" range of α, 0 ≤ α ≤ 1. We identify similarities and disparities to the standard theory of truthful mechanisms. In particular, we show that the allocation function does not uniquely determine the payments and is unlikely to admit a simple characterization. In contrast, recall that monotonicity characterizes the allocation function of truthful mechanisms. Our main technical effort is invested in determining whether the auctioneer can exploit the preference for truth-telling of the players to extract more revenue comparing to truthful mechanisms. We show that the auctioneer can indeed extract more revenue when the values of the players are correlated, even when there are only two players. However, we show that truthful mechanisms are revenue-maximizing even among moral ones when the values of the players are independently drawn from certain identical distributions (e.g., the uniform and exponential distributions). A by-product of our proof that optimal moral mechanisms are truthful is an alternative proof to Myerson’s optimal truthful mechanism characterization in the settings that we consider. We flesh out this approach by providing an alternative proof that does not involve moral mechanisms to Myerson’s characterization of optimal truthful mechanisms to all settings in which the values are independently drawn from regular distributions (not necessarily identical).

Cite as

Shahar Dobzinski and Sigal Oren. Mechanism Design with Moral Bidders. In 13th Innovations in Theoretical Computer Science Conference (ITCS 2022). Leibniz International Proceedings in Informatics (LIPIcs), Volume 215, pp. 55:1-55:17, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2022)


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@InProceedings{dobzinski_et_al:LIPIcs.ITCS.2022.55,
  author =	{Dobzinski, Shahar and Oren, Sigal},
  title =	{{Mechanism Design with Moral Bidders}},
  booktitle =	{13th Innovations in Theoretical Computer Science Conference (ITCS 2022)},
  pages =	{55:1--55:17},
  series =	{Leibniz International Proceedings in Informatics (LIPIcs)},
  ISBN =	{978-3-95977-217-4},
  ISSN =	{1868-8969},
  year =	{2022},
  volume =	{215},
  editor =	{Braverman, Mark},
  publisher =	{Schloss Dagstuhl -- Leibniz-Zentrum f{\"u}r Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{https://drops-dev.dagstuhl.de/entities/document/10.4230/LIPIcs.ITCS.2022.55},
  URN =		{urn:nbn:de:0030-drops-156513},
  doi =		{10.4230/LIPIcs.ITCS.2022.55},
  annote =	{Keywords: Mechanism Design, Cognitive Biases, Revenue Maximization}
}
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