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IDSS Distinguished Seminar Series Laura Doval

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Calibrated Mechanism Design

Laura Doval (Columbia University)
MIT Building E18, Room 304

Abstract:  We study optimal mechanism design in settings where a designer has private information and interacts repeatedly with strategic agents. Motivated by applications like ad auctions, we introduce calibrated mechanism design, in which mechanisms must be robust to the information agents learn over time through participation. We formalize this via calibrated information structures, capturing what…

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