Fix the incentives, fix the incentives, fix the incentives ...

You need to have incentives.

Rules and incentives

Get smarter incentives.

Higher incentives led to worse performance.

But this is a problem of just incentives, just incentives.

And incentives not just material, but also non material incentives.

Now, how about incentives?

They have these incentives.

No. We could offer incentives.

We need incentives. People have to make a living.

It creates people when you manipulate incentives to get people to do the right thing it creates people who are addicted to incentives.

We would create incentives for securitization.

The reason for this is incentives.

For once, your incentives are aligned.

So those are real good incentives.

This shows the power of incentives.

We need to remove the perverse incentives to use more fuel.

They had deployed all the right incentives,

He was incensed by their lack of incentives.

Rules and incentives are no substitutes for wisdom.

The second tool we reach for is incentives.

Understand, however complex we may be, incentives matter.

For simple, straightforward tasks, those kind of incentives,

But their incentives are a little bit strange.

And it actually took being a journalist to understand all these incentives.

But anyway, maybe I'll make another video on incentives.

So, creativity counts, knowledge matters, innovations transform, incentives inspire.

That is to say, it creates people who only do things for incentives.

So the incentives are much larger to produce drugs which treat more people.

And, again, it's because of an alignment of the incentives.

The truth is that neither rules nor incentives are enough to do the job.

So it has neither the resources, nor the incentives, to hook up many other users.

Lastly and most important, we rely on extrinsic incentives for learning.

To work!

To work.

To work.

Work to get in, work to stay in.

Get back to work. Get back to work.

You know, economists like to say, there are no bad people, there are just bad incentives.

I need to work out after work.

And I'll Work To Work It Out

So it's really jobs. And the only way you're gonna build up jobs is to give incentives.

In eight of the nine tasks we examined across three experiments, higher incentives led to worse performance.

Go to work.