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by The_rationalist
2807 days ago
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A fascinating related concept is incentive compatibility (one of his variants use the Nash equilibrium). « A mechanism is called incentive-compatible (IC) if every participant can achieve the best outcome to him/herself just by acting according to his/her true preferences. »
https://en.m.wikipedia.org/wiki/Incentive_compatibilityI use this mind tool very frequently being an incentive system architect. One interesting technology that allow IC is the vickrey auction. |
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