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- Bayesian_optimal_mechanism_design abstract "Bayesian optimal mechanism design (BOMD) is a challenge in mechanism design and auction theory. A typical application is a seller who wants to sell an item in an auction. There are many different types of auctions, and the seller wants to design the auction rules in a way that will maximize his profits. Naturally, the profits depend on the amount that each buyer is willing to pay for the item. The seller does not know these amounts, but he assumes that they are drawn from a certain known probability distribution. The phrase \"Bayesian optimal mechanism design\" has the following meaning: Bayesian means that we know the probability-distribution from which the agents' valuations are drawn (in contrast to prior-free or worst-case mechanisms, which do not assume any prior probability distribution). Optimal means that we want to maximize the expected revenue of the auctioneer, where the expectation is over the randomness in the agents' valuations. Mechanism design means that we want to design rules that define a truthful mechanism, in which each agents has an incentive to act according to his true value.↑".
- Bayesian_optimal_mechanism_design wikiPageID "49448433".
- Bayesian_optimal_mechanism_design wikiPageLength "8193".
- Bayesian_optimal_mechanism_design wikiPageOutDegree "21".
- Bayesian_optimal_mechanism_design wikiPageRevisionID "708078582".
- Bayesian_optimal_mechanism_design wikiPageWikiLink Auction_theory.
- Bayesian_optimal_mechanism_design wikiPageWikiLink Category:Mechanism_design.
- Bayesian_optimal_mechanism_design wikiPageWikiLink Cumulative_distribution_function.
- Bayesian_optimal_mechanism_design wikiPageWikiLink Digital_goods_auction.
- Bayesian_optimal_mechanism_design wikiPageWikiLink Expected_value.
- Bayesian_optimal_mechanism_design wikiPageWikiLink First-price_sealed-bid_auction.
- Bayesian_optimal_mechanism_design wikiPageWikiLink Mechanism_design.
- Bayesian_optimal_mechanism_design wikiPageWikiLink Monotonicity_(mechanism_design).
- Bayesian_optimal_mechanism_design wikiPageWikiLink Probability_distribution.
- Bayesian_optimal_mechanism_design wikiPageWikiLink Probability_distribution_function.
- Bayesian_optimal_mechanism_design wikiPageWikiLink Random-sampling_mechanism.
- Bayesian_optimal_mechanism_design wikiPageWikiLink Reservation_price.
- Bayesian_optimal_mechanism_design wikiPageWikiLink Roger_Myerson.
- Bayesian_optimal_mechanism_design wikiPageWikiLink Single-parameter_utility.
- Bayesian_optimal_mechanism_design wikiPageWikiLink Strategyproofness.
- Bayesian_optimal_mechanism_design wikiPageWikiLink Vickrey_auction.
- Bayesian_optimal_mechanism_design wikiPageWikiLink Vickrey–Clarke–Groves_mechanism.
- Bayesian_optimal_mechanism_design wikiPageWikiLinkText "Bayesian optimal mechanism design".
- Bayesian_optimal_mechanism_design wikiPageWikiLinkText "Bayesian optimal mechanism design#Myerson".
- Bayesian_optimal_mechanism_design wikiPageUsesTemplate Template:Reflist.
- Bayesian_optimal_mechanism_design wikiPageUsesTemplate Template:Rp.
- Bayesian_optimal_mechanism_design subject Category:Mechanism_design.
- Bayesian_optimal_mechanism_design hypernym Challenge.
- Bayesian_optimal_mechanism_design type SportsEvent.
- Bayesian_optimal_mechanism_design comment "Bayesian optimal mechanism design (BOMD) is a challenge in mechanism design and auction theory. A typical application is a seller who wants to sell an item in an auction. There are many different types of auctions, and the seller wants to design the auction rules in a way that will maximize his profits. Naturally, the profits depend on the amount that each buyer is willing to pay for the item.".
- Bayesian_optimal_mechanism_design label "Bayesian optimal mechanism design".
- Bayesian_optimal_mechanism_design wasDerivedFrom Bayesian_optimal_mechanism_design?oldid=708078582.
- Bayesian_optimal_mechanism_design isPrimaryTopicOf Bayesian_optimal_mechanism_design.