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

Rules and incentives

Get smarter incentives.

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.

You need to have incentives.

No. We could offer 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.

Higher incentives led to worse performance.

This shows the power of incentives.

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.

We need incentives. People have to make a living.

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

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

And that is a way that you can make sure that your incentives are always aligned to use the new language.

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

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

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

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

We need to invest in real solutions incentives for farmers, precision agriculture, new crop varieties, drip irrigation, gray water recycling, better tillage practices, smarter diets.

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

So there's deep lessons for us about the nature of incentives and success.

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.

That can't keep going on, because economic incentives and disincentives are very powerful.

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

But excessive reliance on incentives demoralizes professional activity in two senses of that word.

Now this is not a problem of resources this is a problem of incentives.

We find that financial incentives can result in a negative impact on overall performance.

New car, new flat, new lamps, new paint. Everything is new.

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

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

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