Quotes About Incentives

people respond to incentives—

Steven D. Levitt

As pessoas não são boas ou más. As pessoas são pessoas e, como tal, reagem a incentivos. Quase sempre os indivíduos são manipuláveis - para o bem ou para o mal -, bastando, para tanto, encontrar as alavancas certas.

If there is one thing we've learned from a lifetime of designing and analyzing incentives, the best way to get what you want is to treat other people with decency.

If there is one mantra a Freak lives by, it is this: people respond to incentives.

Por cada persona inteligente que se molesta en crear un esquema de incentivos, existe un ejército de gente, inteligente o no, que inevitablemente invertirá incluso más tiempo en tratar de burlarlos.

Every time we pretend to know something, we are doing the same: protecting our own reputation rather than promoting the collective good. None of us want to look stupid, or at least overmatched, by admitting we don't know an answer. The incentives to fake it are simply too strong.

What most of these doomsday scenarios have gotten wrong is the fundamental idea of economics: people respond to incentives. If the price of a good goes up, people demand less of it, the companies that make it figure out how to make more of it, and everyone tries to figure out how to produce substitutes for it.

Incentives are the cornerstone of modern life. And understanding them—or, often, ferreting them out—is the key to solving just about any riddle, from violent crime to sports cheating to online dating.

Cuando a la gente no se la obliga a pagar todos los costes de sus acciones, tiene pocos incentivos para cambiar de conducta.

it is often possible to elicit the behavior you want through nonfinancial means.

Yes, it may be money they're after—but just as often they are motivated by wanting to be liked, or not be hated; by wanting to stand out in a crowd, or perhaps not stand out.

really care about, not what they say they care about. 2. Incentivize them on the dimensions that are valuable to them but cheap for you to provide. 3. Pay attention to how people respond; if their response surprises

Humans respond to incentives.

learn from it and try something different. 4. Whenever possible, create incentives that switch the frame from adversarial to cooperative. 5. Never, ever think that people will do something just because it is the "right" thing to do. 6. Know that some people will do everything they can to game the system, finding ways to win that you never could have imagined. If only to keep yourself sane, try to applaud their ingenuity rather than curse their greed.

And there are few incentives more powerful than the fear of random violence - which, in essence, is why terrorism is so effective.

What does tenure do? It distorts people's effort so that they face strong incentives early in their career (and presumably work very hard early on as a consequence) and very weak incentives forever after (and presumably work much less hard on average as a consequence).

Incentivize them on the dimensions that are valuable to them but cheap for you to provide.

For every clever person who goes to the trouble of creating an incentive scheme, there is an army of people, clever and otherwise, who will inevitably spend even more time trying to beat it.

there is one mantra a Freak lives by, it is this: people respond to incentives. As utterly obvious as this point may seem, we are amazed at how frequently people forget it, and how often it leads to their undoing. Understanding the incentives of all the players in a given scenario is a fundamental step in solving any problem.

But if you want to think like a Freak, you must learn to be a master of incentives—the good, the bad, and the ugly.

Most of economics can be summarized in four words: "People respond to incentives." The rest is commentary.

Why have so many good ideas flourished in the fourth quadrant, despite the lack of economic incentives? One answer is that economic incentives have a much more complicated relationship to the development and adoption of good ideas than we usually imagine. The promise of an immense payday encourages people to come up with useful innovations, but at the same time it forces people to protect those innovations.

People respond to incentives, although not necessarily in ways that are predictor manifest. Therefore, one of the most powerful laws in the universe is the law of unintended consequences." ??SuperFreakonomics??