Cryptography and mechanism design

  • Authors:
  • Moni Naor

  • Affiliations:
  • Weizmann Institute of Science, Israel

  • Venue:
  • TARK '01 Proceedings of the 8th conference on Theoretical aspects of rationality and knowledge
  • Year:
  • 2001

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Abstract

Mechanism Design is the algorithmic component of Game Theory, the synthesis of protocols for selfish parties to achieve certain properties. A protocol is a method to aggregate the preferences of the parties in order to decide on some "social choice," where typical examples include: deciding whether a community should build a bridge, how to route packets in a network and deciding who wins an auction. Each party has a utility function which expresses how much it values each possible outcome of the protocol. The goal is to design a protocol where the winning strategies achieve the social choice. Recently Mechanism Design has received attention by computer scientists in light of the above applications, see [19, 20].