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:
Incentive compatibility - Wikipedia Jump to content From Wikipedia, the free encyclopedia Concept in game theory This article needs more citations . Please help improve this article by adding citations to reliable sources . Unsourced material may be challenged and removed . Find sources: "Incentive compatibility" – news · newspapers · books · scholar · JSTOR ( June 2019 ) ( Learn how and when to remove this message ) In game theory and economics , a mechanism is called incentive-compatible ( IC ) [ 1 ] : 415 if every participant can achieve their own best outcome by reporting their true prefer
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