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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
by The_rationalist 8y ago
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_compatibility https://en.m.wikipedia.org/wiki/Incentive_compatibility
I use this mind tool very frequently being an incentive system architect.
One interesting technology that allow IC is the vickrey auction.