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14
votes
2answers
454 views

White elephant gift exchanges: mechanisms for fair division

A popular game at holiday parties in North America is the white elephant gift exchange. In brief (ignoring variations) it works as follows: There are $n$ people and $n$ wrapped gifts. Players are ...
2
votes
2answers
299 views

What does mechanism design constitute? (Game Theory)

I've been reading about mechanism design and the field seems a little abstract, in that I cannot ascertain whether a certain approach towards solving games falls under mechanism design. Let me ...