https://cuicaihao.github.io/tags/nobel-prize/Recent content in Nobel Prize on C.CUI's LogHugoen-AUWed, 10 Jun 2026 07:00:00 +1000https://cuicaihao.github.io/posts/2026-06-10-incentive-compatibility/Wed, 10 Jun 2026 07:00:00 +1000https://cuicaihao.github.io/posts/2026-06-10-incentive-compatibility/The modern world runs on neither Confucian moral education nor Legalist coercion, but on ‘Incentive Compatibility.’ A good system acknowledges self-interest and information asymmetry, designing rules so that ordinary people naturally fulfill system goals while pursuing their own. Drawing from the Mechanism Design theories of Nobel laureates Leonid Hurwicz and Roger Myerson, this post explores how modern institutional design—from sales commissions to the four pillars of factory management—makes human nature work for the order.