Obviously Strategy-Proof Mechanisms
summary
Proposes obviously strategy-proof (OSP) as a stricter concept than weak dominance: a strategy is OSP if at any earliest divergence point the deviation’s best outcome ≤ the strategy’s worst outcome. Proves two characterizations: a behavioral one using agents who only distinguish games by their own experiences, and a mechanism one showing OSP equals implementability with bilateral commitments. Shows ascending clock auctions are OSP, second‑price sealed bids are not, and lab play rates are substantially higher under OSP mechanisms.
AI-written summary · about
