Knightian Robustness of Single-Parameter Domains

Autor: Chiesa, Alessandro, Micali, Silvio, Zhu, Zeyuan Allen
Rok vydání: 2014
Předmět:
Druh dokumentu: Working Paper
Popis: We consider players that have very limited knowledge about their own valuations. Specifically, the only information that a Knightian player $i$ has about the profile of true valuations, $\theta^*$, consists of a set of distributions, from one of which $\theta_i^*$ has been drawn. We prove a ``robustness'' theorem for Knightian players in single-parameter domains: every mechanism that is weakly dominant-strategy truthful for classical players continues to be well-behaved for Knightian players that choose undominated strategies.
Databáze: arXiv