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

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

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (13)

You are viewing a single comment's thread.

Comment author: dougclow 01 May 2014 02:13:49PM 1 point [-]

Interesting stuff, thanks; looking forward to the rest of the series.

As an aside, this makes the benefits of being able to rely on trust most of the time very apparent. Jack and Jill can coordinate very simply and quickly if they trust each other to honestly disclose their true value for the project. They don't even need to be able to trust 100%, just trust enough that on average they lose no more to dishonesty than the costs of more complex and sophisticated methods of bargaining. (Which require more calculating capacity than unaided humans have evolved.)