Physical Sciences and Mathematics Commons^™

Mechanism Design In Sequencing Problems., Parikshit De Dr.

Doctoral Theses

Collective decision making is an important social issue, since it depends on individual preferences that are not publicly observable. Therefore, the question is, whether it is possible to elicit the private information available to individuals and then how to extract the private information in various strategic environment; Mechanism design deals with these questions. The difference between game theory and mechanism design is that, the former tries to predict the outcome of a strategic environment in some “equilibrium” but the latter tries to design or restrict the environment in such a way that the desired objective is attained, that is, the …