mechanism design
/ˈmekənɪzəm dɪˌzaɪn/
creating rules to achieve desired outcomes given strategic behavior
“Auction design is an application of mechanism design.”
Origin: From mechanism (Greek mekhane device) + design
/ˈmekənɪzəm dɪˌzaɪn/
creating rules to achieve desired outcomes given strategic behavior
“Auction design is an application of mechanism design.”
Origin: From mechanism (Greek mekhane device) + design