What does mechanism design mean?
Definitions for mechanism design
mech·a·nism de·sign
This dictionary definitions page includes all the possible meanings, example usage and translations of the word mechanism design.
Wikipedia
Mechanism design
Mechanism design is a field in economics and game theory that takes an objectives-first approach to designing economic mechanisms or incentives, toward desired objectives, in strategic settings, where players act rationally. Because it starts at the end of the game, then goes backwards, it is also called reverse game theory. It has broad applications, from economics and politics (markets, auctions, voting procedures) to networked-systems (internet interdomain routing, sponsored search auctions). Mechanism design studies solution concepts for a class of private-information games. Leonid Hurwicz explains that 'in a design problem, the goal function is the main "given", while the mechanism is the unknown.
Numerology
Chaldean Numerology
The numerical value of mechanism design in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of mechanism design in Pythagorean Numerology is: 8
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"mechanism design." Definitions.net. STANDS4 LLC, 2024. Web. 29 Apr. 2024. <https://www.definitions.net/definition/mechanism+design>.
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