The revelation principle is a fundamental result in mechanism design, social choice theory, and game theory which shows it is always possible to design a strategy-resistant implementation of a social decision-making mechanism (such as an electoral system or market). It can be seen as a kind of mirror image to Gibbard's theorem.
The revelation principle is a fundamental result in mechanism design, social choice theory, and game theory which shows it is always possible to design a strategy-resistant implementation of a social decision-making mechanism (such as an electoral system or market). It can be seen as a kind of mirror image to Gibbard's theorem.
Source: Wikipedia "Revelation principle" · CC BY-SA 4.0
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