Incentives

Vladimir_Nesov (+6/-6)
Yoav Ravid (+18)
Yoav Ravid (+47)
plex (+293) Created basic description.

An Incentive is a motivating factor, such as monetary reward, the risk of legal sanctions, or social feedback. Many systems are best understood by looking at the incentives of the people with power over them.

Inadequate Equilibria covers many problems that arise when there are poor incentives.