Behavioral Economics: Incentives
This week’s topic of incentives gave me trouble trying to figure out what to write, as incentives is such a broad topic that can be discussed in so many different ways. Incentives are the motivation of why a person acts a particular way.
I eventually decided that I would focus in on the strange mystery of how too much of an incentive can actually do more harm than good. I then found Dan Pink’s TED Talk that better summarizes these findings than I would be able to. Below you can view a RSA Animate’s re-mixed version:
As always, if you want to read one paper these findings are based on, you can do so here.