Library / Economic Reasoning and Coordination Principles Framework
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ECO.5:8 - Common Anti-Patterns and How to Avoid Them

  • Paying for a proxy is treated as paying for the result. Trace how the performer can improve the proxy and whether that supplies the result.
  • A written promise is treated as a credible consequence. Recover the means and conditions that make its consequence effective.
  • Only incentives are optimized. Retain participation, risk bearing, verification and exclusion costs.