Quotes About Incentives

For formal recognition programs, they recommend using objective measurements, such as sales volume

If an organization wants innovation to flourish, the conversation needs to change from severance packages to retention bonuses.

As far as the bowl games, I don't think the players really play for that. Not at USC.

A risk-insensitive leverage ratio can be a useful backstop to risk-based capital requirements. But such a ratio can have perverse incentives if it is the binding capital requirement because it treats relatively safe activities, such as central clearing, as equivalent to the most risky activities.

Redistributing tokens is a balancing act. In most cases, forks probably want to keep ownership for users constant so users have at least the same incentives to use the new fork as the historical one.

You can get people to work by using threats or by promising rewards.

Obama, startled that components of government behave as interest groups, seems utterly unfamiliar with public choice theory. It demystifies and de-romanticizes politics by applying economic analysis - how incentives influence behavior - to government.

Incentive schemes, whereby people who have done the most good for humanity are rewarded 20 years into the future, would create the expectation that doing long-term good is valuable.

If you pay a child a dollar to read a book, as some schools have tried, you not only create an expectation that reading makes you money, you also run the risk of depriving the child for ever of the value of it. Markets are not innocent.

You can get rid of the teacher certification requirements, and you're still not going to have a rush of incredibly high-quality people going into teaching as long as teachers are valued in the way they currently are. The way we value people is by how much we pay them.

Every dude in your high school wasn't striving to be the best poet because then he'd get all the girls, right? But you could imagine a society in which that were the case.

At the structural level, when the primary is all that matters, the incentives change for politicians. And, when you can earn media coverage with bombast and vitriol, that creates another incentive for politicians to light things on fire.

You've got to change incentives for good behavior as opposed to just disincentivizing bad behavior.

At most large companies, what is locally optimal for you is very frequently not what is globally optimal for the company.

In order to have a decentralised database, you need to have security. In order to have security, you need to - you need to have incentives.

I try to motivate people and align our individual incentives with organizational incentives. And then let people do their best.

In rich democracies, the same factors that confer household bargaining power on women also have a positive effect on fertility. We interpret this to mean that women would like to "have it all" as long as having children does not block their possibilities of accumulating human capital in the labor market. Trying to boost fertility with a campaign of pro-family rhetoric and incentives is likely to have precisely the opposite effect as intended.

Incentives aren't the only thing that matter for economic growth. Opportunity is also crucial, and extreme inequality deprives many people of the opportunity to fulfill their potential, and government programs that reduce inequality can make the nation as a whole richer by reducing that waste.

I've noted in the past how strange it is that conservatives have total faith in the power and flexibility of market economies, but claim that these economies will be completely destroyed if the government creates incentives to reduce greenhouse gas emissions.

The idea is that there are three opportunities to take measures to elicit or change the behavior as desired: by changing what comes before it (the external factors, or environment), by aiming directly at the behavior itself (through teaching), and by imposing consequences (incentives or penalties).

Economic institutions that create incentives for economic progress may simultaneously redistribute income and power in such a way that a predatory dictator and others with political power may become worse off.

Though the policies of Stalin and subsequent Soviet leaders could produce rapid economic growth, they could not do so in a sustained way. By the 1970s, economic growth had all but stopped. The most important lesson is that extractive institutions cannot generate sustained technological change for two reasons: the lack of economic incentives and resistance by the elites.

Those of Nogales, Sonora, are not so lucky. They live in a different world shaped by different institutions. These different institutions create very disparate incentives for the inhabitants of the two Nogaleses and for the entrepreneurs and businesses willing to invest there. These incentives created by the different institutions of the Nogaleses and the countries in which they are situated are the main reason for the differences in economic prosperity on the two sides of the border.

Los países fracasan hoy en día porque sus instituciones económicas extractivas no crean los incentivos necesarios para que la gente ahorre, invierta e innove.