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What (who) is material incentive - definition
CONCEPT IN GAME THEORY
Incentive compatible; Incentive Compatibility; Incentive-compatible
Incentive-centered design
SCIENCE OF DESIGNING A SYSTEM OR ORGANIZATION BY ALIGNING INDIVIDUAL INCENTIVES WITH THE GOALS OF THE SYSTEM
Incentive Centered Design; Incentive centered design; Incentive-Centered Design; Incentive engineering; Incentive design
Incentive-centered design (ICD) is the science of designing a system or institution according to the alignment of individual and user incentives with the goals of the system. Using incentive-centered design, system designers can observe systematic and predictable tendencies in users in response to motivators to provide or manage incentives to induce a greater amount and more valuable participation.
Special Savings Incentive Account
SSIA; Special saving incentive account
A Special Saving Incentive Account (SSIA) was a type of interest-bearing account in Ireland. These accounts were available to open between 1 May 2001 and 30 April 2002, and featured a state-provided top-up of 25% of the sum deposited.
SSIA
SSIA; Special saving incentive account
Subject Says It All (Reference: telecommunication-slang)
Wikipedia
Incentive compatibility
A mechanism is called incentive-compatible (IC) if every participant can achieve the best outcome to themselves just by acting according to their true preferences.: 225
There are several different degrees of incentive-compatibility:
- The stronger degree is dominant-strategy incentive-compatibility (DSIC).: 415 It means that truth-telling is a weakly-dominant strategy, i.e. you fare best or at least not worse by being truthful, regardless of what the others do. In a DSIC mechanism, strategic considerations cannot help any agent achieve better outcomes than the truth; hence, such mechanisms are also called strategyproof: 244, 752 or truthful.: 415 (See Strategyproofness)
- A weaker degree is Bayesian-Nash incentive-compatibility (BNIC).: 416 It means that there is a Bayesian Nash equilibrium in which all participants reveal their true preferences. I.e, if all the others act truthfully, then it is also best or at least not worse for you to be truthful.: 234
Every DSIC mechanism is also BNIC, but a BNIC mechanism may exist even if no DSIC mechanism exists.
Typical examples of DSIC mechanisms are majority voting between two alternatives, and second-price auction.
Typical examples of a mechanisms that are not DSIC are plurality voting between three or more alternatives and first-price auction.
Examples of use of material incentive
1. He has also wisely led the work to encourage all the working people to devotedly work for the society and the collective by effectively managing the labor forces and properly organizing labor, while giving first consideration to the political and moral incentives and reasonably combining them with material incentive with a view to correctly enforcing the socialist system of paying for the work done.