Quantum and algorithmic Bayesian mechanisms
AbstractBayesian implementation concerns decision making problems when agents have incomplete information. This paper proposes that the traditional sufficient conditions for Bayesian implementation shall be amended by virtue of a quantum Bayesian mechanism. Furthermore, by using an algorithmic Bayesian mechanism, this amendment holds in the macro world too.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 30072.
Date of creation: 05 Apr 2011
Date of revision:
Bayesian implementation; Quantum game theory; Mechanism design;
Find related papers by JEL classification:
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-04-16 (All new papers)
- NEP-CDM-2011-04-16 (Collective Decision-Making)
- NEP-CTA-2011-04-16 (Contract Theory & Applications)
- NEP-GTH-2011-04-16 (Game Theory)
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