A professional and truthful insurance agent will explain the full coverage of the insurance policy to his or her clients.
He testified that he was not truthful with federal agents in February 2005, when he was interviewed as part of the Bay Area Laboratory Co-Operative investigation.
An allocation rule is called Bayes Nash incentive compatible, if there exists a payment rule, such that truthful reports of agents' types form a Bayes Nash equilibrium in the direct revelation mechanism consisting of the allocation rule and the payment rule.
HMRC's successful challenge, arguing that Birmingham had not been "truthful" when claiming the agents acted only for the club, led to a reclaiming of VAT from many clubs which had indulged in the same practice, going back several years.
We design truthful mechanisms when the agents' type sets are upper-bounded by a finite value.
Although no stable matching mechanism can induce truth-telling as a dominant strategy for all participants (Roth, 1982), recent studies have presented conditions under which truthful reporting by all agents is close to optimal (Immorlica and Mahdian, 2005; Kojima and Pathak, 2009; Lee, 2011).
We also demonstrate a method for addressing the potential problem of strategic non-truthful voting by the agents.
We present a new randomized matching mechanism for two agents which is truthful in expectation and has an approximation ratio of 3/2 to the maximum cardinality matching.
Our results demonstrate that in large, uniform markets using the Men-Proposing Deferred Acceptance Algorithm, each woman's best response to truthful behavior by all other agents is to truncate her list substantially.
A slightly stronger correlation condition ensures that there exist balanced transfers that induce a Bayesian Nash equilibrium in which agents' strategies are nearly truthful.
