“Mechanism design the standard way, and the standard way is to assume that people are rational. So we’re gonna sort of lay out the basics of mechanism design assuming rational agents. But after we do that we’ll talk through what if people suffered from physiological biases or were slightly irrational Or what if it were the case that people just followed simple rules would our same results still follow. So we’re gonna to have a dialogue using mechanisms design as a framework for thinking again about how we model people. Okay, so that’s an outline of what we’re going to do. What we’re going to do first is just add some of the basics of mechanism design, talk about hidden action information, move on to options, and then conclude with some discussion of public good games. “- Transcript from Scott Page Coursera
Source:
Scott Page Model Thinking MOOC Course
