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material incentive - translation to russian
CONCEPT IN GAME THEORY
Incentive compatible; Incentive Compatibility; Incentive-compatible
material incentive
материальный стимул; материальная заинтересованность
incentive
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SOMETHING THAT MOTIVATES AN INDIVIDUAL TO PERFORM AN ACTION
Performance Incentives; Performance incentive; Incentives; Reward anticipation; Weak incentive; Strong incentive; Economic incentive; Incentivize; Positive incentive; Incentivized; Incentivising
1) побудительный мотив; побуждение; стимул || побудительный; стимулирующий
2) мат. побуждение
3) (поощрительное) вознаграждение
4) pl премиальная система (оплаты труда)
- incentive to economy
- economic incentive
- export incentives
- factory-wide incentive
- financial incentive
- fiscal incentives
- group incentive
- material incentive
- nonfinancial incentive
- price incentives
- production incentives
- profit-sharing incentive
- reverse incentive
- saving incentives
- tax incentives
- wage incentive
- work incentives
2) мат. побуждение
3) (поощрительное) вознаграждение
4) pl премиальная система (оплаты труда)
- incentive to economy
- economic incentive
- export incentives
- factory-wide incentive
- financial incentive
- fiscal incentives
- group incentive
- material incentive
- nonfinancial incentive
- price incentives
- production incentives
- profit-sharing incentive
- reverse incentive
- saving incentives
- tax incentives
- wage incentive
- work incentives
incentive
SOMETHING THAT MOTIVATES AN INDIVIDUAL TO PERFORM AN ACTION
Performance Incentives; Performance incentive; Incentives; Reward anticipation; Weak incentive; Strong incentive; Economic incentive; Incentivize; Positive incentive; Incentivized; Incentivising
incentive 1. noun побуждение, стимул Syn: see motive 2. adj. побудительный - incentive wage
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.
