Too Long; Didn't Read
Mechanism <a href="https://hackernoon.com/tagged/design" target="_blank">design</a> is a field of economics with a wide range of applications including <a href="https://hackernoon.com/tagged/blockchain" target="_blank">Blockchain</a>, Internet auctions, and public policy. It is closely linked to game theory and is also called reverse game theory. The mechanism design theory being highly abstract and mathematical remains intricate. Here is an example to help you develop intuition about what is mechanism design.