Title English:
incentive compatibility
Definition English:
Incentive compatibility – a characteristic of mechanisms whereby each agent knows that his best strategy is to follow the rules, no matter what the other agents will do – is desirable because it promotes the achievement of group goals. But it is elusive because pervasive opportunities exist for misbehaviour, such as by misrepresenting preferences.
Title Arabic:
توافق الحوافز
Domain:
Economic Development
Subject:
Economic Analysis
InformationType:
Term
SourceSymbol:
language staff