Lecture 14.2: Information design -- Concavification approach (Mechanism Design)
Channel: economification
Date: 2020-12-24

Lecture 14.2: Information design -- Concavification approach
Mechanism Design course (Masters in Economics, UCPH, Fall 2020)

***

Full course playlist: https://www.youtube.com/playlist?list=PL4pUs4P_j1WasI0kO99OgNNd_hJwpct4D
Course files (lecture notes, problem sets) available at: https://starkov.site/teaching.html

***

Stock footage from Videezy.com
Thumbnail uses photo by ThisIsEngineering from Pexels.com

***

00:00 Problem outline
03:10 Step 1: eliminate actions
08:51 Step 2: τ-representation
13:37 Step 3: direct experiments
19:22 Credible experiments
22:45 Step 4: revelation principle
27:07 Graphical example 
32:12 General result
40:16 Cookbook
41:25 Prosecutor example