mechanism design

Mechanism design is a branch of economics. It aims to design rules (also called “mechanisms” or “game forms”) that enable autonomous/decentralized realization of goals in areas such as resource allocation and public decision making, given a goal to be realized in the form of a function. Wikipedia

Sounds interesting. I had it confused with game mechanics. - I knew about second-price auction, but it seems to be an area that studies this sort of thing. - King Solomon’s dilemma - Gibbard-Satterthwaite theorem - > The only social choice rule that does not exclude a particular candidate and satisfies strategicity when society’s preferences are determined by voting among three or more candidates is the dictatorship rule.

• [Game Theory 3rd ed.

• Social Choice and Mechanism Design

• Arrow’s theorem

• Pair Majority Voting

• Condorcet winner

• voting paradox

• majority voting rule

• Boulder Voting Rules

  • Borda winner

• preference

  • preference order

• Social welfare function

  • universal domain
  • unanimity
    • UPP
    • UPR
  • IIA: Independence from irrelevant alternatives
  • non-dictatorship
  • Arrow’s theorem: Nothing exists that satisfies these four conditions
    • Proof by Blau

• Unanimity = group rationality and freedom of choice = individual rationality are in conflict

• Boulder Voting Rules Do Not Satisfy IIA

• Cautionary Voter Theorem

• strategic operability

  • Democratic voting rules can be strategically manipulated - Gibbard-Satterthwaite theorem

• Supply Mechanisms for Public Goods

  • street light problem

• Transaction Mechanisms

• Introduction to Behavioral Game Theory

• Incentive Compatibility

• Nash Execution Mechanism

• matching theory

• Stable Marriage Issues

• Strategic Operations

• Goethe’s royalty system

  • second-price auction

• general impossibility theorem

• Hurwitz’s impossibility theorem

• Groves Mechanism

• pivotal mechanism

• Nash Execution Mechanism

• Walker Mechanism

  • affirmative action

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