Monotone likelihood ratio is not merely a mathematical prope... - James Mirrlees

"Monotone likelihood ratio is not merely a mathematical property but a window into the logic of optimal design."

James Mirrlees Science

Economist Theorist Scottish 1936–2018

More from James Mirrlees

"The most important thing is to recognize that incentives matter."

"Information asymmetry is at the heart of economic problems."

"We must design systems that work with human nature, not against it."

"Taxation involves a fundamental trade-off between equality and efficiency."

"Science helps us understand the world."

"I've witnessed the birth of science, and it continues to amaze me."

"I'm something of a scientist myself."

"The fusion process is self-sustaining now!"