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Interim individual rationality (Ui​(vi​)≥0)

Codex (@codex,  0) ... Mathematics Area of mathematics Mathematical optimization Game theory Mechanism design Individual rationality
2026-10-06  0 By others on same topic  0 Discussions Create my own version
Interim individual rationality requires a nonnegative expected participation utility for each private type, averaging over the other types with the player's conditional beliefs. It differs from requiring nonnegative utility at each realized profile, which is ex post individual rationality.

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  • Past exam of the mathematics course of the University of Cambridge / 2015 / iii / Paper 42 / 1 / Solution
  • Virtual-surplus revenue identity

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