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Tag Archives: incentives
Incentives in the balance
(featured image: Ruslan/Flickr CC BY SA 2.0 and Thamizhpparithi Maari/Wikimedia CC BY SA 3.0) We respond to incentives, that is true – but not always in the way that might be expected An insight to which I often return is … Continue reading
Incentive issues
(featured image: Ian Kennedy CC BY) A simple instrument to influence behaviour has a huge potential for unintended consequences Imagine you are a dentist (unless you actually are one, of course). To a large extent, your income is paid for … Continue reading
Behaviour and money
(featured image: jcomp) Despite all the behavioural economics talk, conventional incentives remain a major influence (albeit not necessarily as intended!) on our behaviour – and vice versa The state of New York is the latest territory where new measures to … Continue reading
When the material meets the immaterial
(featured image credit: Mr Blue MauMau CC BY) With incentives, things are not always what they seem “Most of economics can be summarized in four words: ‘People respond to incentives.’ The rest is commentary,” Steven Landsburg writes on the very … Continue reading
Posted in Behavioural economics, Economics, Management, Psychology, Society
Tagged incentives
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Useful ‘Nobel’ Economics? You bet!
(featured image credit: edar/pixabay) How a winner of the Economics ‘Nobel’ prize may help run organizations better They say the way to hell is paved with good intentions. Arguably, anyone intent on paving the way to hell might find more … Continue reading
Do we really respond to incentives?
Incentives are often the first port of call to influence people’s behaviour. How justified are we in relying on these instruments? In The Armchair Economist, Steven Landsburg writes, Most of economics can be summarized in four words: “People respond to … Continue reading
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