Quote by Eric Maskin
"Understanding systems requires understanding not just how they work, but why they fail."
"Understanding systems requires understanding not just how they work, but why they fail."
"The beauty of mechanism design is that it aligns individual incentives with social outcomes."
"Information asymmetry is one of the most challenging problems in economics."
"Markets work best when all participants have access to the same information."
"Game theory teaches us that rational behavior doesn't always lead to optimal outcomes."