Describe four desirable properties of a mechanism.

How can a complex, indirect mechanism that implements a function be simplified?

[What game are we playing] Why do the authors consider quantal response equilibria instead of NE?

(Optional) [What game are we playing] What is the likelihood of arriving at a given node of the game tree?

[AI and auction design] What is the main finding in regard to the behavior of simple AI algorithms in first-price auctions?

(Optional) [AI and auction design] How does the design choice of providing information about the lowest winning bid influence auction outcomes?