Wilson doctrine (economics)
id:
wilson-doctrine-economics-291-9188091
title:
Wilson doctrine (economics)
text:
In economic theory, the Wilson doctrine stipulates that game theory should not rely excessively on common knowledge assumptions. Most prominently, it is interpreted as a request for institutional designs to be "detail-free". That is, mechanism designers should offer solutions that do not depend on market details because they may be unknown to practitioners or are subject to intractable change. The name is due to Nobel laureate Robert Wilson, who argued: While the above quote is often seen as the
brand slug:
wiki
category slug:
encyclopedia
description:
Argument in economic theory
original url:
https://en.wikipedia.org/wiki/Wilson_doctrine_(economics)
date created:
date modified:
2024-01-15T11:30:41Z
main entity:
{"identifier":"Q107292843","url":"https://www.wikidata.org/entity/Q107292843"}
image:
fields total:
13
integrity:
14