Five links to help us better understand incentives
- Wikipedia gives us the inside dope on economic incentives.
..
.. - Quora remains a reasonably good place to get answers…
..
.. - The Econlib page on incentives is full of interesting snippets…
..
.. - But beware! Incentives aren’t easy to design!
..
..
“Studies show that offering incentives for losing weight, quitting smoking, using seat belts, or (in the case of children) acting generously is not only less effective than other strategies but often proves worse than doing nothing at all. Incentives, a version of what psychologists call extrinsic motivators, do not alter the attitudes that underlie our behaviors. They do not create an enduring commitment to any value or action. Rather, incentives merely—and temporarily—change what we do.”
..
.. - A Forbes article that tells you how might mitigate some of the problems with incentive design.
EconForEverybody 