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- W3116108208 abstract "We define a local notion of dominance that speaks to the true choice problemsamong actions in a game tree and does not rely on global planning. When we donot restrict players' ability to do contingent reasoning, a reduced strategy isweakly dominant if and only if it prescribes a locally dominant action at everydecision node, therefore any dynamic decomposition of a direct mechanism thatpreserves strategy-proofness is robust to the lack of global planning. Under aform of wishful thinking, we also show that strategy-proofness is robust to thelack of forward-planning. Moreover, from our local perspective, we can identifyrough forms of contingent reasoning that are particularly natural. We constructa dynamic game that implements the Top Trading Cycles allocation under aminimal form of contingent reasoning, related to independence of irrelevantalternatives." @default.
- W3116108208 created "2021-01-05" @default.
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- W3116108208 date "2020-12-28" @default.
- W3116108208 modified "2023-09-26" @default.
- W3116108208 title "Local Dominance" @default.
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