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In exchange, the utility may offer a customer a free smart thermostat — a device to regulate temperatures more efficiently — or an equivalent incentive.
Additionally, the principal anticipates that the agent chooses the effort level to maximize his or her certainty equivalent (incentive compatibility constraint), begin{aligned} a^dagger in underset{a}{arg max text CE(a).
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Today there are no such equivalent incentives.Many contributors argue that instruction should place a stronger emphasis on economic history.
The studies included in this review used either small monetary incentives or monetary equivalent incentives (lottery ticket, prize draw or phone card).
A puny incentive, equivalent in monetary worth to two cans of Coke, boosted the response from 30% to 70%.
We show that for any mechanism there exists an equivalent dominant strategy incentive compatible mechanism for social choice environments with correlated types when agent's matrix of conditional probabilities satisfies the full rank condition.
To address this, some studies provide an economic incentive equivalent to wage replacement [ 22].
With respect to anticipatory responding, the proposed model is equivalent to the "incentive salience" theory.
A monetary incentive, equivalent to U.S. $5, was given to each participant.
A small incentive equivalent to USD $5 was given to each participant as compensation for their time.
Previously it was controversially argued that "value" in the RL algorithms is equivalent to motivational "incentive salience" (1).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com