Algorithmic Mechanism Design

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Details

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 published in 2001. It combines ideas such as utility maximization and mechanism design from economics, rationality and Nash equilibrium from game theory, with such concepts as complexity and algorithm design from discrete mathematics and theoretical computer science. Examples of topics include networking, peering, online auctions and exchanges, online advertising, and search engine's page ranking. Algorithmic mechanism design differs from classical economic mechanism design in several respects. It typically employs the analytic tools of theoretical computer science, such as worst case analysis and approximation ratios, in contrast to classical mechanism design in economics which often makes distributional assumptions about the agents. It also considers computational constraints to be of central importance: mechanisms that cannot be efficiently implemented in polynomial time are not considered to be viable solutions to a mechanism design problem.

Weitere Informationen

  • Allgemeine Informationen
    • Sprache Englisch
    • Editor Frederic P. Miller, Agnes F. Vandome, John McBrewster
    • Titel Algorithmic Mechanism Design
    • ISBN 978-613-0-69396-1
    • Format Fachbuch
    • EAN 9786130693961
    • Jahr 2010
    • Größe H219mm x B149mm x T13mm
    • Untertitel Game theory, Computer science, Hebrew University of Jerusalem, Nash equilibrium, Economics, Discrete mathematics, Peering, Complexity, Theoretical computer science, Best, worst and average case
    • Gewicht 209g
    • Genre Sprach- und Literaturwissenschaften
    • Anzahl Seiten 120
    • Herausgeber Alphascript Publishing
    • GTIN 09786130693961

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