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PowerPoint Presentationarielpro/15780s17/slides/780s17-18.pdfOlympic Badminton is Not [ru:entive Compatible Fisher Model of Markets ARCHIVES October 2012 September 2012 August 2012

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Page 1: PowerPoint Presentationarielpro/15780s17/slides/780s17-18.pdfOlympic Badminton is Not [ru:entive Compatible Fisher Model of Markets ARCHIVES October 2012 September 2012 August 2012
Page 2: PowerPoint Presentationarielpro/15780s17/slides/780s17-18.pdfOlympic Badminton is Not [ru:entive Compatible Fisher Model of Markets ARCHIVES October 2012 September 2012 August 2012

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Page 3: PowerPoint Presentationarielpro/15780s17/slides/780s17-18.pdfOlympic Badminton is Not [ru:entive Compatible Fisher Model of Markets ARCHIVES October 2012 September 2012 August 2012

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Page 4: PowerPoint Presentationarielpro/15780s17/slides/780s17-18.pdfOlympic Badminton is Not [ru:entive Compatible Fisher Model of Markets ARCHIVES October 2012 September 2012 August 2012

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Page 5: PowerPoint Presentationarielpro/15780s17/slides/780s17-18.pdfOlympic Badminton is Not [ru:entive Compatible Fisher Model of Markets ARCHIVES October 2012 September 2012 August 2012

o 𝑁 = {1,… , 𝑛}

o 𝑆

o 𝑖 ∈ 𝑁 𝑢𝑖: 𝑆𝑛 → ℝ

j ∈ 𝑁 𝑠𝑗 ∈ 𝑆

𝑖 𝑢𝑖(𝑠1, … , 𝑠𝑛)

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Page 6: PowerPoint Presentationarielpro/15780s17/slides/780s17-18.pdfOlympic Badminton is Not [ru:entive Compatible Fisher Model of Markets ARCHIVES October 2012 September 2012 August 2012

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Selling ice cream at the beach. One day your cousin Teddy shows up. His ice cream is identical!

You split the beach in half; you set up at 1/4. 50% of the customers buy from you. 50% buy from Teddy.

One day Teddy sets up at the 1/2 point! Now you serve only 37.5%!

Page 7: PowerPoint Presentationarielpro/15780s17/slides/780s17-18.pdfOlympic Badminton is Not [ru:entive Compatible Fisher Model of Markets ARCHIVES October 2012 September 2012 August 2012

• 𝑢𝑖 𝑠𝑖 , 𝑠𝑗 =

𝑠𝑖+𝑠𝑗

2, 𝑠𝑖 < 𝑠𝑗

1 −𝑠𝑖+𝑠𝑗

2, 𝑠𝑖 > 𝑠𝑗

1

2, 𝑠𝑖 = 𝑠𝑗

• 𝑁 = 1,2

• 𝑆 = [0,1]

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Page 8: PowerPoint Presentationarielpro/15780s17/slides/780s17-18.pdfOlympic Badminton is Not [ru:entive Compatible Fisher Model of Markets ARCHIVES October 2012 September 2012 August 2012

o

o

8

Page 9: PowerPoint Presentationarielpro/15780s17/slides/780s17-18.pdfOlympic Badminton is Not [ru:entive Compatible Fisher Model of Markets ARCHIVES October 2012 September 2012 August 2012

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Page 10: PowerPoint Presentationarielpro/15780s17/slides/780s17-18.pdfOlympic Badminton is Not [ru:entive Compatible Fisher Model of Markets ARCHIVES October 2012 September 2012 August 2012

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Page 11: PowerPoint Presentationarielpro/15780s17/slides/780s17-18.pdfOlympic Badminton is Not [ru:entive Compatible Fisher Model of Markets ARCHIVES October 2012 September 2012 August 2012

o

o

o

o

o

o

11

Page 12: PowerPoint Presentationarielpro/15780s17/slides/780s17-18.pdfOlympic Badminton is Not [ru:entive Compatible Fisher Model of Markets ARCHIVES October 2012 September 2012 August 2012

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Page 13: PowerPoint Presentationarielpro/15780s17/slides/780s17-18.pdfOlympic Badminton is Not [ru:entive Compatible Fisher Model of Markets ARCHIVES October 2012 September 2012 August 2012

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Page 14: PowerPoint Presentationarielpro/15780s17/slides/780s17-18.pdfOlympic Badminton is Not [ru:entive Compatible Fisher Model of Markets ARCHIVES October 2012 September 2012 August 2012

𝑠 = 𝑠1… , 𝑠𝑛 ∈ 𝑆𝑛

∀𝑖 ∈ 𝑁, ∀𝑠𝑖′ ∈ 𝑆, 𝑢𝑖 𝑠 ≥ 𝑢𝑖(𝑠𝑖

′, 𝑠−𝑖)

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Page 15: PowerPoint Presentationarielpro/15780s17/slides/780s17-18.pdfOlympic Badminton is Not [ru:entive Compatible Fisher Model of Markets ARCHIVES October 2012 September 2012 August 2012

1. 0

2. 1

3. 2

4. 3

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Page 16: PowerPoint Presentationarielpro/15780s17/slides/780s17-18.pdfOlympic Badminton is Not [ru:entive Compatible Fisher Model of Markets ARCHIVES October 2012 September 2012 August 2012

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Page 17: PowerPoint Presentationarielpro/15780s17/slides/780s17-18.pdfOlympic Badminton is Not [ru:entive Compatible Fisher Model of Markets ARCHIVES October 2012 September 2012 August 2012

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Page 18: PowerPoint Presentationarielpro/15780s17/slides/780s17-18.pdfOlympic Badminton is Not [ru:entive Compatible Fisher Model of Markets ARCHIVES October 2012 September 2012 August 2012

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Day 3 of the ice cream wars… Teddy sets up south of you! You go south of Teddy.

Eventually…

Page 19: PowerPoint Presentationarielpro/15780s17/slides/780s17-18.pdfOlympic Badminton is Not [ru:entive Compatible Fisher Model of Markets ARCHIVES October 2012 September 2012 August 2012

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Page 20: PowerPoint Presentationarielpro/15780s17/slides/780s17-18.pdfOlympic Badminton is Not [ru:entive Compatible Fisher Model of Markets ARCHIVES October 2012 September 2012 August 2012

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Page 21: PowerPoint Presentationarielpro/15780s17/slides/780s17-18.pdfOlympic Badminton is Not [ru:entive Compatible Fisher Model of Markets ARCHIVES October 2012 September 2012 August 2012

• 𝑖 ∈ 𝑁 𝑥𝑖

𝑥𝑖(𝑠𝑖) = Pr[𝑖 plays 𝑠𝑖]

• 𝑖 ∈ 𝑁

𝑢𝑖 𝑥1, … , 𝑥𝑛 =

(𝑠1,…,𝑠𝑛)∈𝑆𝑛

𝑢𝑖 𝑠1, … , 𝑠𝑛 ⋅ෑ

𝑗=1

𝑛

𝑥𝑗(𝑠𝑗)

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Page 22: PowerPoint Presentationarielpro/15780s17/slides/780s17-18.pdfOlympic Badminton is Not [ru:entive Compatible Fisher Model of Markets ARCHIVES October 2012 September 2012 August 2012

•1

2,1

2, 0

0,1

2,1

2𝑢1

•1

3,1

3,1

3

𝑢1

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Page 23: PowerPoint Presentationarielpro/15780s17/slides/780s17-18.pdfOlympic Badminton is Not [ru:entive Compatible Fisher Model of Markets ARCHIVES October 2012 September 2012 August 2012

1.1

2,1

2, 0 ,

1

2,1

2, 0

2.1

2,1

2, 0 ,

1

2, 0,

1

2

3.1

3,1

3,1

3,

1

3,1

3,1

3

4.1

3,2

3, 0 ,

2

3, 0,

1

3

23

Page 24: PowerPoint Presentationarielpro/15780s17/slides/780s17-18.pdfOlympic Badminton is Not [ru:entive Compatible Fisher Model of Markets ARCHIVES October 2012 September 2012 August 2012

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Page 25: PowerPoint Presentationarielpro/15780s17/slides/780s17-18.pdfOlympic Badminton is Not [ru:entive Compatible Fisher Model of Markets ARCHIVES October 2012 September 2012 August 2012

• {2, … , 100}

• 𝑠 𝑡 𝑠 < 𝑡𝑠 + 2

𝑠 − 2

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Page 26: PowerPoint Presentationarielpro/15780s17/slides/780s17-18.pdfOlympic Badminton is Not [ru:entive Compatible Fisher Model of Markets ARCHIVES October 2012 September 2012 August 2012

o

o

o

o

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