Gunnar_Zarncke comments on Mechanism Design: Constructing Algorithms for Strategic Agents - Less Wrong

34 Post author: badger 30 April 2014 06:37PM

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Comment author: Vulture 01 May 2014 02:01:12AM *  2 points [-]

like when Jack values the renovation at $120 and Jill values it at $200. Jack would vote “no”, even though their total value is $310.

I think there's an error in the arithmetic here...

That said, great post! The math bits could probably do to be more gentle, mostly just cause you introduce a lot of concepts in a short space. Nevertheless, it seemed fundamentally approachable - I have relatively little math background (high school calculus and some dabbling in elementary game theory) but I feel like I'm I capable of understanding this fairly easily, even if I didn't actually understand all of it on the first or second go.

Thumbs up!

Comment author: Gunnar_Zarncke 01 May 2014 08:22:45AM -1 points [-]

I think there's an error in the arithmetic here...

I don't Jack will vote no because he has to pay 150 but values the renovation at 120 leading to a benefit of -30 for him if he assumes that same for Jill.