Enter a word or phrase in any language 👆
Language:
Translation and analysis of words by ChatGPT artificial intelligence
On this page you can get a detailed analysis of a word or phrase, produced by the best artificial intelligence technology to date:
- how the word is used
- frequency of use
- it is used more often in oral or written speech
- word translation options
- usage examples (several phrases with translation)
- etymology
What (who) is incentive payment - 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.
Facilitating payment
PAYMENT TO SPEED UP A PROCESS WITHOUT CHANGING THE OUTCOME
Facilitation payment; Grease payment
A facilitating payment, facilitation payment,Frömel, Yas, Facilitation Paymwnts, PhD 2018; https://www.secwhistleblowerattorney.
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.
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 incentive payment
1. The situation means none of the 303 PCTs in England will be able to claim a 100,000 incentive payment promised if half of their GPs‘ referrals for first outpatients appointments were delivered by the electronic booking system by next month.
2. The shareholder activist group, Pirc, has accused the company of constructing a long–term incentive payment plan that gives "the potential for large rewards for only median performance". More business news Economic dispatch
3. In the email to strategic health authorities, Margaret Edwards, the health department‘s director of access, wrote earlier this month: "I have decided that we should leave the second choose and book incentive payment unchanged.
4. But "in the strict terms that the Department of Health is seeking" – offering "at least four choices" – many GPs were unlikely to do that until they received some form of incentive payment for the work.
5. The cabinet recently approved giving Israelis who agree to take a farming job, and who stick it out for a full year, a bonus amounting to 17.3% over minimum wage; employers will receive a NIS 7,000 incentive payment for every Israeli they hire and keep for a year.