#609 - Uri Gneezy - How To Understand Psychological Incentives
Modern Wisdom
Chris Williamson
4.7 • 4.6K Ratings
🗓️ 1 April 2023
⏱️ 79 minutes
🧾️ Download transcript
Summary
Uri Gneezy is a behavioural economist, a professor at the University of California and an author who's research focuses on human incentives.
Incentives encourage humans to do things. But they're not as straight forward as you might think. They often have unintended and disastrous consequences for our personal lives, businesses and societies. Basically, a bad incentive is worse than no incentive at all.
Expect to learn why paying citizens 10p for a rat tail is a bad idea, how fining parents for taking their kids on holiday results in more kids missing school, why the Toyota Prius won because of its strange design, how reframing discounts can rapidly change behaviour, why Peloton's sales went up when they increased the price, why Coke machines have an outdoors thermometer on them and much more...
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Transcript
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| 0:00.0 | What's happening people? Welcome back to the show. My guest today is Uri Neesey. He's a |
| 0:05.1 | behavioral economist, a professor at the University of California, and an author whose research focuses |
| 0:10.8 | on human incentives. Incentives encourage humans to do things, but they're not as straightforward |
| 0:16.8 | as you might think. They often have unintended and disastrous consequences for our personal |
| 0:21.3 | lives, business, and societies. Basically, a bad incentive is worse than knowing incentive at all. |
| 0:28.1 | Expect to learn why paying citizens ten pens for a rat tail is a bad idea. How finding |
| 0:34.0 | parents for taking their kids on holiday results in more kids missing school. Why the Toyota Prius |
| 0:39.7 | won because of its strange design. How reframing discounts can rapidly change behavior. Why |
| 0:44.9 | peloton sales went up when they increased the price. Why Coke machines have an outdoor thermometer |
| 0:52.1 | and much more. In other news, this episode is brought to you by Surfshark VPN. Protect your |
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... |
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