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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 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

[ "Incentive", "interdependent valuations", "Myerson–Satterthwaite theorem", "bayesian incentive compatibility", "bayesian mechanism design" ]
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