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
Revelation principle — The revelation principle of economics can be stated as, To any Bayesian Nash equilibrium of a game of incomplete information, there corresponds an associated revelation mechanism that has an equilibrium where the players truthfully report their… … Wikipedia
Leonid Hurwicz — Infobox Scientist name = Leo Hurwicz image width = birth date = August 21, 1917 birth place = Moscow, Russia death date = death date and age|2008|6|24|1917|8|21 death place = Minneapolis, Minnesota, USA nationality = United States field =… … Wikipedia
Roger Myerson — Infobox Scientist name = Roger Myerson image size = 180px birth date = birth date and age|1951|3|29 birth place = Boston, Massachusetts residence = Chicago, Illinois, USA nationality = United States field = Economics work places = University of… … Wikipedia
Roger Myerson — Naissance 29 mars 1951 Boston ( … Wikipédia en Français
Vickrey auction — A Vickrey auction is a type of sealed bid auction, where bidders submit written bids without knowing the bid of the other people in the auction. The highest bidder wins, but the price paid is the second highest bid. The auction was created by… … Wikipedia
Behavioral economics — and its related area of study, behavioral finance, use social, cognitive and emotional factors in understanding the economic decisions of individuals and institutions performing economic functions, including consumers, borrowers and investors,… … Wikipedia
Contract theory — This article is about the economic analysis of contracts. For legal definitions and contract law, see Contract. For a less technical discussion of this topic, see Principal agent problem. In economics, contract theory studies how economic actors… … Wikipedia
Strategyproof — In game theory, an asymmetric game where players have private information is said to be strategyproof (or truthful) if there is no incentive for any of the players to lie about or hide their private information from the other players.Although the … Wikipedia
Nobel Prizes — ▪ 2009 Introduction Prize for Peace The 2008 Nobel Prize for Peace was awarded to Martti Ahtisaari, former president (1994–2000) of Finland, for his work over more than 30 years in settling international disputes, many involving ethnic,… … Universalium
