Game Theory
categories: community
tags: blockchain incentives gametheory
Description/Summary
Game theory, blockchain protocols, etc.Content
Learning
An Axiomatic Approach to Block Rewards (Tim Roughgarden @ Stanford Blockchain Conference 2020)
Strategy:
- articulate desiderata of allocation rules
- prove that the proportional rule the unique one satisfying all of them
Role models: von Neumann-Morgenstern Utility Theory, Arrow/s Impossibility Theorem, the Shapley value.
Note: impossibility/uniqueness results clarify the compromises required.