Andy McLennan's Recent Unpublished Papers
[A.] "Imitation Games and Computation"
(Joint with Rabee Tourky)
Abstract:
An imitation game is a finite two person normal form game in which
the two players have the same set of pure strategies and the goal
of the second player is to choose the same pure strategy as the
first player. Gale et. al. (1950) gave a way of passing from a
given two person game to a symmetric game whose symmetric Nash
equilibria are in one-to-one correspondence with the Nash
equilibria of the given game. We give a way of passing from a
given symmetric two person game to an imitation game whose Nash
equilibria are in one-to-one correspondence with the symmetric Nash
equilibria of the given symmetric game. Lemke (1965) portrayed the
Lemke-Howson algorithm as a special case of the Lemke paths
algorithm. Using imitation games, we show how Lemke paths may be
obtained by projecting Lemke-Howson paths.
[B.] "Manipulation in Elections with Uncertain Preferences"
Abstract:
A decision scheme (Gibbard (1977)) is a function mapping profiles of
strict preferences over a set of social alternatives to lotteries over
the social alternatives. Motivated by conditions typically prevailing
in elections with many voters, we say that a decision scheme is
weakly strategy-proof if it is never possible for a voter to
increase expected utility (for some vNM utility function consistent
with her true preferences) by misrepresenting her preferences when her
belief about the preferences of other voters is generated by a model
in which the other voters are i.i.d. draws from a distribution over
possible preferences. We show that if there are at least three
alternatives, a decision scheme is necessarily a random dictatorship
if it is weakly strategy-proof, never assigns positive probability to
Pareto dominated alternatives, and is anonymous in the sense of being
unaffected by permutations of the components of the profile. This
result is established in two settings: a) a model with a fixed set of
voters; b) the Poisson voting model of Meyerson (1998a, 1998b, 2000,
2002).
[C.] "Games in Oriented Matroids"
(Joint with Rabee Tourky)
Abstract:
We introduce a combinatorial abstraction of two person finite games in
an oriented matroid. We also define a combinatorial version of Nash
equilibrium and prove that an odd number of equilibria exists. The
proof is a purely combinatorial rendition of the Lemke-Howson
algorithm.
[D.] "Uniqueness of Stationary Equilibrium Payoffs in Coalitional Bargaining"
(Joint with Hulya Eraslan)
Abstract:
We study a model of sequential bargaining in which, in each period
before an agreement is reached, a proposer is randomly selected, the
proposer suggests a division of a pie of size one, each other agent
either approves or rejects the proposal, and the proposal is
implemented if the set of approving agents is a winning coalition for
the proposer. The theory of the fixed point index is used to show
that stationary equilibrium outcomes of a coalitional bargaining game
are unique. This generalizes Eraslan (2002) insofar as: (a) there are
no restrictions on the structure of sets of winning coalitions; (b)
different proposers may have different sets of winning coalitions; (c)
there may be a positive probability that no proposer is selected.
[E.] "Fixed Point Theorems"
Abstract:
This draft of an entry in The New Palgrave Dictionary of
Economics (Second Edition) gives statements of the Tarski fixed point theorem and the
main versions of the topological fixed point principle that have been
applied in economic theory. Pointers are given to literature
concerned with proofs of Brouwer's theorem, and with algorithms for
computing approximate fixed points. The topological results are all
consequences of a slightly weakened version of the
Eilenberg-Montgomery (1946) fixed point theorem. The axiomatic
characterization of the Leray-Schauder fixed point index (which is
even more powerful) is also stated, and its application to issues
concerning robustness of sets of equilibria is explained.
This brief piece should be accessible (and, I hope,
enjoyable) if you've taken an undergraduate course in real analysis, but
it gives a much more complete view of the subject than you'll find in
any economics text, at essentially maximal generality.
[F.] "Simple Complexity from Imitation Games"
(Joint with Rabee Tourky)
Abstract:
We give simple proofs of refinements of the complexity results of
Gilboa and Zemel (1989), and we derive additional results of this
sort. Our constructions employ imitation games, which are two
person games in which both players have the same sets of pure
strategies and the second player wishes to play the same pure
strategy as the first player.
[G.] "From Imitation Games to Kakutani"
(Joint with Rabee Tourky)
Abstract:
We give a full proof of the Kakutani fixed point theorem that
is brief, elementary, and based on game theoretic concepts. This
proof points to a new family of algorithms for computing
approximate fixed points. An imitation game is a finite
two person normal form game in which the strategy spaces for the
two agents are the same and the goal of the second player is to
choose the same strategy as the first player. These appear in our
proof, but are also interesting from other points of view.
[H.] "The Market for Liars: Reputation and Auditor Honesty"
(Joint with In-Uck Park)
Abstract:
In the model there are two types of financial auditors with
identical technology, one of which is endowed with a prior reputation for
honesty. We characterize conditions under which there exists a ``two-tier
equilibrium'' in which ``reputable'' auditors refuse bribes offered by
clients for fear of losing reputation, while ``disreputable'' auditors
accept bribes because even persistent refusal does not create a good
reputation. The main findings are: (a) honest auditors charge higher fees,
and have economic profits accruing to reputation; (b) as the fraction of
auditors who are honest increases, the premium charged by reputable auditors
eventually decreases, which diminishes the incentive to refuse bribes; (c)
if the fraction of honest auditors exceeds an upper bound, there does not
exist a two-tier equilibrium; (d) thus the reputation mechanism may be
undermined by entry into the honest segment of the industry, if it is
possible; (e) increasing auditor independence increases the upper bound.
In March 2005 "Liars" got a brief writeup in the Times of London!
[I.] "The Erdos-Sos Conjecture for Trees of Diameter Four"
Abstract:
The Erdos-Sos conjecture is that a finite graph G with
average degree greater than k - 2 contains every tree with k
vertices. Theorem 1 is a special case: every k-vertex tree of
diameter 4 can be embedded in G. A more technical result,
Theorem 2, is obtained by extending the main ideas in the proof of
Theorem 1. (Forthcoming in the Journal of Graph Theory.)
[J.] "The Asymptotic Expected Number of Nash Equilibria of Two
Player Normal Form Games"
(Joint with Johannes Berg)
Abstract:
The formula given by McLennan (2002) for the mean number of Nash
equilibria of a normal form game, for a particular support, is applied
to investigate the expected number of Nash equilibria of two player
normal form games. Holding $M$ fixed while $N \to \infty$, the expected
number of Nash equilibria is approximately $\left(\sqrt{\pi \log N}/2
\right)^{M-1}/\sqrt{M}$. The expected number of Nash
equilibria when both players have $N$ pure strategies is $\exp(N[B +
O(\log N/N)])$, where $B \approx 0.281644$ is a constant. When both
players have $N$ pure strategies, as $N$ becomes large almost all
equilibria have each player assigning positive probability to
approximately $31.5915$ percent of her pure strategies. (Forthcoming
in Games and Economic Behavior.)
[K.] "The Expected Number of Nash Equilibria of a Normal Form
Game"
Abstract: Fix finite pure strategy sets
S_1,.., S_n, and let S = S_1 x..x S_n. We consider the model of a
random game given by assuming that the agents' payoffs are
statistically independent, with each agent's payoff uniformly
distributed on the unit sphere of the dual of |S|-dimensional
Euclidean space. For i = 1,..,n fix T_i, a nonempty subset of S_i.
Our main result is a computationally implementable formula for the
mean number of Nash equilibria in which each agent i's mixed strategy
has support T_i. This formula is the product of expressions
representing the expected number of totally mixed equilibria for the
truncated game obtained by eliminating pure strategies outside the
sets T_i, and the ``probability'' that such an equilibrium remains an
equilibrium when the strategies in the sets S_i \ T_i are
available. Numerical results suggest that the expected number of
equilibria is increasing in the number of strategies of each agent,
and that the rate of increase is exponential when there are
sufficiently many players. (January 2005 Econometrica.)
[L.] "Selected Topics in the Theory of Fixed Points"
Abstract:
We present a treatment for mathematical economists of three topics in
the theory of fixed points: (a) the Lefschetz fixed point index; (b)
the Lefschetz fixed point theorem; (c) the theory of essential sets of
fixed points. Our treatment is geometric, based on elementary
techniques, and largely self-contained. In particular there is no
essential reference to algebraic topology. Within the chosen scope of
the paper the results are at the level of generality of the
mathematical literature. The development of these theories for
correspondences is emphasized. It emerges that the solution concepts
of Kohlberg and Mertens (1986) have a definite, though somewhat
obscure, place in this theory.
Last updated on March 12, 2008.