Browsing Computer Science and Artificial Intelligence Lab (CSAIL) by Subject "Knightian Auctions"
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A Social-Welfare Optimal Probabilistic Mechanism for Knightian Single-Good Auctions
(2012-09-07)We provide an optimal probabilistic mechanism for maximizing social welfare in single-good auctions when each player does not know his true valuation for the good, but only a set of valuations that is guaranteed to include ...