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Reward being right, penalize being wrong, and transfer information in a manner that facilitates determining what is right and what is wrong. One page (https://
by knuteson 7y ago
Reward being right, penalize being wrong, and transfer information in a manner that facilitates determining what is right and what is wrong.
One page (https://www.kn-x.com/static/PWFeb17forum.pdf https://www.kn-x.com/static/PWFeb17forum.pdf), two page (https://ssrn.com/abstract=2835131 https://ssrn.com/abstract=2835131), and three page (https://ssrn.com/abstract=2713998 https://ssrn.com/abstract=2713998) versions of this are available. Further details are provided at http://kn-x.com http://kn-x.com.
I doubt anyone on this thread is going to like this solution ... but I think most on this thread agree that the underlying problem is the incentives, that fixing the problem requires changing the incentives, and that changing the incentives within the existing system is very hard.