Economics, Econometrics and Finance
4 years ago

New research reveals limitations in implementing fair game theoretic solutions.

RePEc: Research Papers in Economics
Characterizations of Game Theoretic Solutions which Lead to Impossibility Theorems
Matthew O. Jackson, Sanjay Srivastava

Paper Summary

Some game theory solutions only allow one person to make choices for everyone when there are at least three options. Other solutions let everyone have a say. We found that weaker conditions than being fair can still lead to one person deciding for everyone. This helps us understand why some solutions lead to this outcome.

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