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We introduce a stochastic principal-agent model. A principal and an agent interact in a stochastic environment, each privy to observations about the state not available to the other. The principal has the power of commitment, both to elicit…

Computer Science and Game Theory · Computer Science 2024-09-13 Jiarui Gan , Rupak Majumdar , Debmalya Mandal , Goran Radanovic

The Probabilistic Serial mechanism is well-known for its desirable fairness and efficiency properties. It is one of the most prominent protocols for the random assignment problem. However, Probabilistic Serial is not incentive-compatible,…

Computer Science and Game Theory · Computer Science 2020-01-30 Zihe Wang , Zhide Wei , Jie Zhang

We consider priority-based matching problems with limited farsightedness. We show that, once agents are sufficiently farsighted, the matching obtained from the Top Trading Cycles (TTC) algorithm becomes stable: a singleton set consisting of…

Theoretical Economics · Economics 2022-12-16 Ata Atay , Ana Mauleon , Vincent Vannetelbosch

The sequential allocation protocol is a simple and popular mechanism to allocate indivisible goods, in which the agents take turns to pick the items according to a predefined sequence. While this protocol is not strategy-proof, it has been…

Computer Science and Game Theory · Computer Science 2019-11-27 Michele Flammini , Hugo Gilbert

Top trading cycles with fixed tie-breaking (TTC) has been suggested to deal with indifferences in object allocation problems. Unfortunately, under general indifferences, TTC is neither Pareto efficient nor group strategy-proof. Furthermore,…

Theoretical Economics · Economics 2026-02-03 Will Sandholtz , Andrew Tai

Random serial dictatorship (RSD) is a randomized assignment rule that - given a set of $n$ agents with strict preferences over $n$ houses - satisfies equal treatment of equals, ex post efficiency, and strategyproofness. For $n \le 3$,…

Theoretical Economics · Economics 2024-07-12 Felix Brandt , Matthias Greger , René Romen

Statistical model checking (SMC) is a technique for analysis of probabilistic systems that may be (partially) unknown. We present an SMC algorithm for (unbounded) reachability yielding probably approximately correct (PAC) guarantees on the…

Systems and Control · Computer Science 2021-02-02 Pranav Ashok , Jan Křetínský , Maximilian Weininger

We study stochastic object assignment problems in which objects may have minimum and maximum requirements, such as with classes with upper and lower enrollment bounds. We construct a new random assignment mechanism, the minimums…

Theoretical Economics · Economics 2026-05-27 Will Sandholtz , Andrew Tai

This paper proposes a fast Markov Matrix-based methodology for computing Top Trading Cycles (TTC) that delivers O(1) computational speed, that is speed independent of the number of agents and objects in the system. The proposed methodology…

Econometrics · Economics 2024-03-25 Irene Aldridge

The principle that rational agents should maximize expected utility or choiceworthiness is intuitively plausible in many ordinary cases of decision-making under uncertainty. But it is less plausible in cases of extreme, low-probability risk…

Theoretical Economics · Economics 2020-08-11 Christian Tarsney

Social decision schemes (SDSs) map the ordinal preferences of individual voters over multiple alternatives to a probability distribution over the alternatives. In order to study the axiomatic properties of SDSs, we lift preferences over…

Computer Science and Game Theory · Computer Science 2024-08-27 Felix Brandt , Patrick Lederer , Warut Suksompong

In the problem of allocating a single non-disposable commodity among agents whose preferences are single-peaked, we study a weakening of strategy-proofness called not obvious manipulability (NOM). If agents are cognitively limited, then NOM…

Theoretical Economics · Economics 2024-04-25 R. Pablo Arribillaga , Agustin G. Bonifacio

Voting and assignment are two of the most fundamental settings in social choice theory. For both settings, random serial dictatorship (RSD) is a well-known rule that satisfies anonymity, ex post efficiency, and strategyproofness. Recently,…

Computer Science and Game Theory · Computer Science 2014-08-05 Haris Aziz , Julián Mestre

One of the central economic paradigms in multi-agent systems is that agents should not be better off by acting dishonestly. In the context of collective decision-making, this axiom is known as strategyproofness and turns out to be rather…

Computer Science and Game Theory · Computer Science 2023-02-24 Felix Brand , Patrick Lederer , Sascha Tausch

Mechanism design on social networks is a hot research direction recently, and we have seen many interesting results in auctions and matching. Compared to the traditional settings, the new goal of the network settings is that we need to…

Computer Science and Game Theory · Computer Science 2023-01-27 Tianyi Yang , Yuxiang Zhai , Dengji Zhao , Xinwei Song , Miao Li

We study how to optimally design selection mechanisms, accounting for agents' investment incentives. A principal wishes to allocate a resource of homogeneous quality to a heterogeneous population of agents. The principal commits to a…

Theoretical Economics · Economics 2025-11-11 Victor Augias , Eduardo Perez-Richet

We study stochastic team (known also as decentralized stochastic control or identical interest stochastic dynamic game) problems with large or countably infinite number of decision makers, and characterize existence and structural…

Optimization and Control · Mathematics 2021-07-08 Sina Sanjari , Naci Saldi , Serdar Yüksel

We study a public decision problem in which a finite society selects a public-good level from a closed interval. Agents either have single-peaked preferences or are completely indifferent over the interval; the latter capture abstention or…

Theoretical Economics · Economics 2026-03-19 Parikshit De , Abinash Panda , Anup Pramanik

Eliciting reliable human feedback is essential for many machine learning tasks, such as learning from noisy labels and aligning AI systems with human preferences. Peer prediction mechanisms incentivize truthful reporting without ground…

Computer Science and Game Theory · Computer Science 2026-03-24 Yichi Zhang , Shengwei Xu , David Pennock , Grant Schoenebeck

Test-time compute (TTC) has become an increasingly prominent paradigm for enhancing large language models (LLMs). Despite the empirical success of methods such as best-of-$n$ (BoN) sampling and sequential revision, their fundamental limits…

Machine Learning · Computer Science 2025-12-05 Yue Yu , Qiwei Di , Quanquan Gu , Dongruo Zhou