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Quantum mechanism helps agents combat Pareto-inefficient social choice rules

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  • Wu, Haoyang

Abstract

Quantum strategies have been successfully applied in game theory for years. However, as a reverse problem of game theory, the theory of mechanism design is ignored by physicists. In this paper, we generalize the classical theory of mechanism design to a quantum domain and obtain two results: 1) We find that the mechanism in the proof of Maskin's sufficiency theorem is built on the Prisoners' Dilemma. 2) By virtue of a quantum mechanism, agents who satisfy a certain condition can combat Pareto-inefficient social choice rules instead of being restricted by the traditional mechanism design theory.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 21552.

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Date of creation: 18 Feb 2010
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Handle: RePEc:pra:mprapa:21552

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Related research

Keywords: Quantum games; Mechanism design; Implementation theory; Nash implementation; Maskin monotonicity;

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