Centralized decision and control is mismatched with today’s large-scale, distributed systems. Economics is tailor-made for the kinds of decentralized decision making required by network-centric systems. Computational mechanisms bring economic theory to the realm of software engineering to address robustly the issues of human incentives in decentralized decision making. The discipline of mechanism engineering, on par with performance engineering, safety engineering, etc., is waiting to emerge.

BROCHURE

*

PDF (1.20 MB)