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🤔 Add insights on mechanism simplicity
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Incentives.md
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Incentives.md
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Mechanism design is the study of how incentives are created to achieve desired outcomes. It focuses on the design of [[Systems]] and [[Processes]] to achieve desired outcomes.
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- Software is eating Mechanism Design. Incentives can be encoded in [[blockchain|blockchains]].
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- The simpler a mechanism is, and the fewer parameters a mechanism has, the less space there is to insert hidden privilege for or against a targeted group. If a mechanism has fifty parameters that interact in complicated ways, then it’s likely that for any desired outcome you can find parameters that will achieve that outcome.
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### Impact Evaluators
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