Mechanism Design Theory — An economic theory that seeks to determine the situations in which a particular strategy or mechanism will work efficiently, compared to situations in which the same strategy will not work as efficiently. Mechanism design theory allows economists … Investment dictionary
Mechanism design — The Stanley Reiter diagram above illustrates a game of mechanism design. The upper left space Θ depicts the type space and the upper right space X the space of outcomes. The social choice function f(θ) maps a type profile to an outcome. In games… … Wikipedia
Mechanism Design Problem — Die Darstellung zeigt schematisch ein Anwendungsbeispiel der Mechanismus Design Theorie auf die Verkehrsführung. Fehlen sämtliche Mechanismen, so führt das Streben nach Optimum der einzelnen Verkehrsteilnehme … Deutsch Wikipedia
Mechanism Design — A branch of microeconomics that explores how businesses and institutions can achieve desirable social or economic outcomes given the constraints of individuals self interest and incomplete information. When individuals act in their own self… … Investment dictionary
Design theory — can refer to any theory relating to design in general. Design theory may also refer to: Engineering and industrial design C K theory Design science C K theory Mathematics Combinatorial design Block design Symmetric design Design of experiments… … Wikipedia
Algorithmic mechanism design — (AMD) lies at the intersection of economic game theory and computer science.Noam Nisan and Amir Ronen, from the Hebrew University of Jerusalem, first coined Algorithmic mechanism design in a research paper supported by grants from the Israeli… … Wikipedia
Distributed algorithmic mechanism design — (DAMD) is an extension of algorithmic mechanism design. DAMD differs from Algorithmic mechanism design since the algorithm is computed in a distributed manner rather than by a central authority. This greatly improves computation time since the… … Wikipedia
Participation constraint (mechanism design) — In game theory, and particularly mechanism design, participation constraints or rational participation constraints are said to be satisfied if a mechanism leaves all participants at least as well off as they would have been if they hadn t… … Wikipedia
Mechanism — may refer to: Mechanism (engineering), rigid bodies connected by joints in order to accomplish a desired force and/or motion transmission Mechanism (biology), explaining how a feature is created Mechanism (philosophy), a theory that all natural… … Wikipedia
Mechanismus-Design — Die Darstellung zeigt schematisch ein Anwendungsbeispiel der Mechanismus Design Theorie auf die Verkehrsführung. Fehlen sämtliche Mechanismen, so führt das Streben nach Optimum der einzelnen Verkehrsteilnehme … Deutsch Wikipedia
Game theory — is a branch of applied mathematics that is used in the social sciences (most notably economics), biology, engineering, political science, computer science (mainly for artificial intelligence), and philosophy. Game theory attempts to… … Wikipedia
