| Vladimir_Nesov | v1.7.0Oct 14th 2021 | (+6/-5) | ||
| Yoav Ravid | v1.6.0Oct 10th 2021 | (+666/-9) | ||
| Raemon | v1.5.0Aug 12th 2020 | (-19) | ||
| Yoav Ravid | v1.4.0Aug 5th 2020 | (+54) | ||
| jacobjacob | v1.3.0Jul 17th 2020 | (+9/-11) | ||
| jacobjacob | v1.2.0Jul 15th 2020 | (+59) | ||
| Raemon | v1.1.0Jun 26th 2020 | (+18/-99) | ||
| Raemon | v1.0.0Jun 26th 2020 | (+99) |
Mechanism Design is the theory of how to design incentives for strategic agents, such that the agents acting according to their selfish interests will result in a desired outcome. It can be applied to things like institution design, voting systems, school admissions, regulation of monopolists, market design, and auction design. Think of it as the engineering side of game theory, thinking backward from a desired goal, and designing structures that lead strategic agents to behave in a way that achieves that goal.
See also:Related Page:Game Theory, Incentives, Principal-Agent Problems, Cryptocurrencies and blockchain, Public discourse
See also:Institution Design, Cryptocurrencies and blockchain, Public discourse
Related Sequences: Mechanism Design
See also: Cryptocurrencies and blockchain, Public discourse
InstitutionsInstitution Design are an important piece of human coordination. But they suffer from many pitfalls. How
Institutions are an important piece of human coordination. But they suffer from many pitfalls. How
Related
Page:Pages: Game Theory, Incentives, Principal-Agent Problems, Cryptocurrencies and blockchain, Public discourse