Rules That Make the Truth Pay: Leonid Hurwicz’s 1972 Incentive Compatibility, the Match That Outlived Its Rivals, and Why the Long-Term Equity Investor Reads the Rules Before the Players

Diagram of a mechanism: agents with private types send messages to an outcome function, tested for incentive compatibility

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Manish Goel, FCA

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←The Ledger That Won’t Close: Shefrin and Statman’s 1985 Disposition Effect, and Why the Long-Term Equity Investor Must Judge Each Holding on Tomorrow’s Price, Not Yesterday’s

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9 November 2026
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8 November 2026
Occam’s Razor: Ockham’s Fourteenth-Century Rule of Parsimony, the Bayesian and Predictive Case for It, and Why the Long-Term Equity Investor Counts the Assumptions in a Thesis

7 November 2026
The Stockdale Paradox: Collins’s 2001 Name for Faith in the End and Honesty About the Present, and Why the Long-Term Equity Investor Needs Both Without a Date Attached

6 November 2026

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Rules That Make the Truth Pay: Leonid Hurwicz’s 1972 Incentive Compatibility, the Match That Outlived Its Rivals, and Why the Long-Term Equity Investor Reads the Rules Before the Players

More posts

The Half-Life of Facts: Burton and Kebler’s 1960 Borrowed Metaphor, Poynard’s Forty-Five-Year Measurement of Clinical Truth, and Why the Long-Term Equity Investor Dates Every Input to a Thesis

Hanlon’s Razor: Bloch’s 1980 Printing of an Older Warning, the Arithmetic of Intent and Error, and Why the Long-Term Equity Investor Writes the Tripwire Before the Surprise

Occam’s Razor: Ockham’s Fourteenth-Century Rule of Parsimony, the Bayesian and Predictive Case for It, and Why the Long-Term Equity Investor Counts the Assumptions in a Thesis

The Stockdale Paradox: Collins’s 2001 Name for Faith in the End and Honesty About the Present, and Why the Long-Term Equity Investor Needs Both Without a Date Attached