Quotes About Incentives

Intelligent policies will be largely self-regulating in the sense that the system of incentives and standards makes it absolutely ludicrous to not move towards clean, internalized systems of cost and production.

People do what their society rewards them to do. If the society rewards trust, people will be trusting

I love when problems have simple solutions. Cold medicine. Umbrellas. Condoms. Tax incentives & subsidies attracting favored industries.

The insidious nature of socialism, cloaked in a façade of compassion, makes it very dangerous to an uneducated and trusting populace. And as socialism creates dependency, it is well on its way to eliminating freedom of choice and incentives for high productivity and innovation.

Without any incentives for productivity (capitalistic model), they were quite content do nothing, which unfortunately is the by-product of any system that bases wages solely on head counts (socialistic model).

Let's be clear about this, and let's be clear: we should not be creating incentives to house people in prison. We should be creating incentives instead to shut the revolving door into prison.

Hospitals should be paid to keep patients out of the hospital, not for signing up more and more patients.

When I arrived at IBM, there were 'Team' signs all around. I asked, 'How do people get paid?' They told me, 'We pay people based on individual performance.'

As we try to make the financial system safer, we must inevitably confront the problem of moral hazard.

The economy is this huge innovation discovery machine. What the government can do usefully is to focus some of that effort where things turn out better for everyone.

We need an economy that fosters and encourages competition and innovation.

Employees respect a boss who knows the difference between the mundane and the exceptional. Remember that not all employees respond well to incentive bonuses or a dangled carrot of any kind. They seek recognition, not bribery. 7.

You don't want people to apply to work for you because of the salaries on offer – they should be driven by other desires. But if a salary isn't commensurate with the market, potential winners will not be able to afford to work for you.

What I do not believe in, are incentives handed over as a kind of sop (you will find these everywhere) or in an owner sharing the proceeds of an asset sale unless contractually bound to do so. Use

Rules do not determine outcomes - the players still have to make choices - but they make some outcomes more likely than others, by defining what it means to "win", and by creating incentives for and imposing constraints on the players.

People always like to win prizes.

Unfortunately, the elimination of incentives such as parole, good time credits and funding for college courses, means that fewer inmates participate in and excel in literacy, education, treatment and other development programs.

Directors and management need to spearhead the strategy shift from transactions to relationships and create the culture, structure, and incentives necessary to execute the strategy. What

People are being incentivized for the wrong things. We've heard about a lot - doctors for procedures rather than creating wellness or maintaining wellness.

People can yawn all they want when a conservative mentions the tax system. But there is no doubt that when we have a tax system that punishes businesses and workers for producing then it becomes financially advantageous for everyone just to import cheaper goods from abroad.

Typically, if you reward something, you get more of it. You punish something, you get less of it. And our businesses have been built for the last 150 years very much on that kind of motivational scheme.

Some media companies that rely on advertising revenue are tying journalist compensation to the traffic their story generates. It doesn't work because it de-prioritizes writing.

Public crowdfunding still suffers from a tragedy of the commons problem. Everyone will want the benefit of the crowdfunded efforts but is incentivized to sit on the sidelines and hope others chip in.

China's economic transformation began with the introduction in the 1980s of market incentives in the agricultural sector. These reforms were followed by a gradual opening to the global economy, a process that accelerated in the early 1990s.