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incentive compatibility

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: 
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