Quotes About Incentives

As Einstein said, 'If people are good only because they fear punishment, and hope for reward, then we are a sorry lot indeed.

If people are good only because they fear punishment, and hope for reward, then we are a sorry lot indeed.

Einstein said, 'If people are good only because they fear punishment, and hope for reward, then we are a sorry lot indeed.

A choice architect has the responsibility for organizing the context in which people make decisions.

A nudge, as we will use the term, is any aspect of the choice architecture that alters people's behavior in a predictable way without forbidding any options or significantly changing their economic incentives.

The core premise of economic theory is that people choose by optimizing.

Nobody spends somebody else's money as carefully as he spends his own.

More people are bribed by their own money than anybody else's.

Money is a short-term result that incentivizes short-term decision making.

If we freed up all the money in the certification process, think about how much more money we'd have to put into teacher salaries.

Some critics accuse capitalism of being a selfish system, but the selfishness is not in capitalism - it is in human nature.

Socialism cannot function, because its economic reward structure is contrary to human nature.

People are attracted more towards bad things because being good has been turned into a boring duty. No adrenaline & dopamine rush, no rewards!

There is no more certain way to deter employment than to harass and penalize employers.

In daily life, reality gives us material incentives to restrain our irrationality. But what incentive do we have to think rationally about politics?

The free market punishes irresponsibility. Government rewards it.

That's possible, and in fact the legislation, the politics should graduate the advantages towards those who have children and give less to those who don't have children.

Every Daydream-hope starts with little incentives !

You can't truly, deeply and sustainably motivate anybody until you know what their motives are - what motivates them...?

Never, ever, think about something else when you should be thinking about the power of incentives.

Despite declining catches, New England fishermen continue to receive state and federal tax incentives that encourage them in some cases all but compel them to acquire bigger boats and to harvest the seas more intensively. Today the fishermen of Massachusetts are reduced to fishing the hideous hagfish, for which there is a slight market in the Far East, but even their numbers are now falling.

There are many reasons for increased spending on health care, including an aging population, technological change, perverse incentives, supply-induced demand, and fear of malpractice litigation. The broader point is that the basic underlying problem does not entail misbehavior or incompetence but rather stems from the nature of the provision of labor-intensive services.

At present, we have a policy-response (to climate change) shaped by sophisticated climate science, brilliant technology and pop behaviourism, based on simple assumptions about carrot-and-stick incentives.

Nada es tan cierto como que los hombres se guían en gran medida por el interés y que aun cuando se preocupan por algo que trasciende de ellos mismos no llegan muy lejos;