Do you have some argument that your proposed formula are optimal?
What do you mean by optimal?
If you mean they are proper (i.e. incentivize honest reporting), gjm’s comment gives a quick sketch of a proof.
Do you have some argument that your proposed formula are optimal?
What do you mean by optimal?
If you mean they are proper (i.e. incentivize honest reporting), gjm’s comment gives a quick sketch of a proof.