Presentation 1998/1/23
Learnabilty of Economic Mechanisms
Toshiji Kawagoe,
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Abstract(in English) Designing economic institutions or mechanisms usually requires incentive compatibility, individual rationality, and budget balancing conditon. But expeirmental studies of these mechanisms show that it is difficult to evaluate mechanisms according with above three conditions. We propose, based on our experimental studies of pivotal mechanism and market experiment, that it is nessesary to add 'learnability' of zero-intelligent traders to the conditions.
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Keyword(in English) pivotal mechanism / zero-intelligent traders / experimental economics / simulation
Paper # AI97-74
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Conference Information
Committee AI
Conference Date 1998/1/23(1days)
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Registration To Artificial Intelligence and Knowledge-Based Processing (AI)
Language JPN
Title (in Japanese) (See Japanese page)
Sub Title (in Japanese) (See Japanese page)
Title (in English) Learnabilty of Economic Mechanisms
Sub Title (in English)
Keyword(1) pivotal mechanism
Keyword(2) zero-intelligent traders
Keyword(3) experimental economics
Keyword(4) simulation
1st Author's Name Toshiji Kawagoe
1st Author's Affiliation Faculty of Economics, Saitama University()
Date 1998/1/23
Paper # AI97-74
Volume (vol) vol.97
Number (no) 499
Page pp.pp.-
#Pages 9
Date of Issue