Quote by Eric Maskin
"We often confuse correlation with causation because our institutions are designed to make them look similar."
More from Eric Maskin
"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."