TTIC
Toyota Technological Institute at Chicago  

Silvio Micali

TTI-C Distinguished Lecturer Series, MIT - CSAIL

Rational Secure Computation and Ideal Mechanism Design

March 16, 2006 3:00pm

Abstract:

We prove a general result bridging the fields of Secure Protocols and Game Theory.

In game-theoretic terms, we show that ANY mediated game with incomplete information can be perfectly simulated by the players alone, by means of an extensive-form game in which the trusted mediator is replaced by a ballot box---the venerable device used throughout the world to privately and correctly compute the tally of secret votes.

In cryptographic terms, we show that, in ANY joint computation, security can be achieved based solely on the players’ RATIONALITY, rather than on the HONESTY of some of them.

Our result has broad implications for Mechanism Design; in particular, it enables One to design mechanisms in a MODULAR and COMPETITIVE fashion.

Joint work with Sergei Izmalkov and Matt Lepinski

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