Algorithmic Game Theory & Computational Mechanism Design

Algorithmic Game theory is about strategic interactions among intelligent individuals, and mechanism design is about creating effective incentives in economic settings. Together, they're fascinating ways to understand human behavior and the challenges of designing and building systems. Algorithmic game theory (AGT) is a way of analyzing social interactions that use mathematical models to predict the strategies that individuals will adopt in any given situation. A simple game theory model can predict human behavior in many situations. But the surprising thing is that this same model can also explain the complex, self-organizing systems that power the World Wide Web.