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by epanchin 2388 days ago
Tender price submissions should be weighted by previous estimates vs reality.
2 comments

This may work for obvious bad actors but would probably penalize genuine new market entrants.
Seems like that would also be subject to gaming.
Every system is subject to gaming. The current system obviously is. The relevant question is "is the proposed system better than the old system?", not "can the proposed system be gamed?".
Thank you for this. I feel like a lot of people like to shoot down new ideas by coming up with a list of flaws, without considering whether the new idea -- even with the flaws -- is still better than the status quo.