Incentives Quotes

Quotes tagged as "incentives" Showing 1-26 of 26
Charles Wheelan
“When I applied to graduate school many years ago, I wrote an essay expressing my puzzlement at how a country that could put a man on the moon could still have people sleeping on the streets. Part of that problem is political will; we could take a lot of people off the streets tomorrow if we made it a national priority. But I have also come to realize that NASA had it easy. Rockets conform to the unchanging laws of physics. We know where the moon will be at a given time; we know precisely how fast a spacecraft will enter or exist the earth's orbit. If we get the equations right, the rocket will land where it is supposed to--always. Human beings are more complex than that. A recovering drug addict does not behave as predictably as a rocket in orbit. We don't have a formula for persuading a sixteen-year-old not to drop out of school. But we do have a powerful tool: We know that people seek to make themselves better off, however they may define that. Our best hope for improving the human condition is to understand why we act the way we do and then plan accordingly. Programs, organizations, and systems work better when they get the incentives right. It is like rowing downstream.”
Charles Wheelan, Naked Economics: Undressing the Dismal Science

“Pick a leader who will keep jobs in your country by offering companies incentives to hire only within their borders, not one who allows corporations to outsource jobs for cheaper labor when there is a national employment crisis. Choose a leader who will invest in building bridges, not walls. Books, not weapons. Morality, not corruption. Intellectualism and wisdom, not ignorance. Stability, not fear and terror. Peace, not chaos. Love, not hate. Convergence, not segregation. Tolerance, not discrimination. Fairness, not hypocrisy. Substance, not superficiality. Character, not immaturity. Transparency, not secrecy. Justice, not lawlessness. Environmental improvement and preservation, not destruction. Truth, not lies.”
Suzy Kassem, Rise Up and Salute the Sun: The Writings of Suzy Kassem

“Pick a leader who will make their citizens proud. One who will stir the hearts of the people, so that the sons and daughters of a given nation strive to emulate their leader's greatness. Only then will a nation be truly great, when a leader inspires and produces citizens worthy of becoming future leaders, honorable decision makers and peacemakers. And in these times, a great leader must be extremely brave. Their leadership must be steered only by their conscience, not a bribe.”
Suzy Kassem, Rise Up and Salute the Sun: The Writings of Suzy Kassem
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“Pick a leader who will not only bail out banks and airlines, but also families from losing their homes -- or jobs due to their companies moving to other countries. Pick a leader who will fund schools, not limit spending on education and allow libraries to close. Pick a leader who chooses diplomacy over war. An honest broker in foreign relations. A leader with integrity, one who says what they mean, keeps their word and does not lie to their people. Pick a leader who is strong and confident, yet humble. Intelligent, but not sly. A leader who encourages diversity, not racism. One who understands the needs of the farmer, the teacher, the doctor, and the environmentalist -- not only the banker, the oil tycoon, the weapons developer, or the insurance and pharmaceutical lobbyist.”
Suzy Kassem, Rise Up and Salute the Sun: The Writings of Suzy Kassem

Steven D. Levitt
“When the solution to a given problem doesn’t lay right before our eyes, it is easy to assume that no solution exists. But history has shown again and again that such assumptions are wrong. This is not to say the world is perfect. Nor that all progress is always good. Even widespread societal gains inevitably produce losses for some people. That’s why the economist Joseph Schumpeter referred to capitalism as “creative destruction.” But humankind has a great capacity for finding technological solutions to seemingly intractable problems, and this will likely be the case for global warming. It isn’t that the problem isn’t potentially large. It’s just that human ingenuity—when given proper incentives—is bound to be larger. Even more encouraging, technological fixes are often far simpler, and therefore cheaper, than the doomsayers could have imagined. Indeed, in the final chapter of this book we’ll meet a band of renegade engineers who have developed not one but three global-warming fixes, any of which could be bought for less than the annual sales tally of all the Thoroughbred horses at Keeneland auction house in Kentucky.”
Steven D. Levitt, SuperFreakonomics: Global Cooling, Patriotic Prostitutes And Why Suicide Bombers Should Buy Life Insurance

Steven D. Levitt
“Are people innately altruistic?" is the wrong kind of question to ask. People are people, and they respond to incentives. They can nearly always be manipulated--for good or ill--if only you find the right levers.”
Levitt & Dubner, SuperFreakonomics: Global Cooling, Patriotic Prostitutes And Why Suicide Bombers Should Buy Life Insurance

“The only way of life satisfying the need of all times must be motivated by incentives and rewards – materially, morally and spiritually because motivation for work is produced by incentives and rewards only, an aspect built into the fundamental specification of human nature itself. Any prescription not recognising this important aspect of life is bound to fail in the life-styles of human beings.”
Mohammed Ali Muhiyaddin, A Comparative Study of the Religions of Today

Timothy Ferriss
“A goal without real consequences is wishful thinking. Good follow-through doesn't depend on the right intentions. It depends on the right incentives.”
Timothy Ferriss, The 4-Hour Chef: The Simple Path to Cooking Like a Pro, Learning Anything, and Living the Good Life

Steven D. Levitt
“Every time we pretend to know something, we are doing the same: protecting our own reputation rather than promoting the collective good. None of us want to look stupid, or at least overmatched, by admitting we don't know an answer.”
Steven D. Levitt

Thomas Sowell
“While the existing practitioners in a given field may be adequately (or even excessively) rewarded for their performance level, there may nevertheless be a case to be made for raising salaries in a particular field, in order to attract a higher caliber of person, capable of a higher level of performance, than the current norm in that field. This argument might be made for school teachers but it applies even more so to politicians and judges. Yet people who are preoccupied with merit are highly susceptible to demagogues who denounce the idea of paying politicians, for example, more money that they clearly do not deserve, in view of their current dismal performances. To get beyond this demagoguery requires getting beyond the idea of considering pay solely from the standpoint of retrospective reward for merit and seeing it from the standpoint of prospective incentives for better performances from new people.”
Thomas Sowell, The Quest for Cosmic Justice

Tim Harford
“We still don't have a good word to describe what is missing in Cameroon, indeed in poor countries across the world. But we are starting to understand what it is. Some people call it 'social capital, or maybe 'trust'. Others call it 'the rule of law', or 'institutions'. But these are just labels. The problem is that Cameroon, like other poor countries, is a topsy-turvy world in which it's in most people's interest to take action that directly or indirectly damages everyone else.”
Tim Harford, The Undercover Economist

“Godliness must be presented with its profit and incentives, not only for the good of the nation and society, but of eternal value.”
Sunday Adelaja, The Mountain of Ignorance

“Economics, when you strip away the guff and mathematical sophistry, is largely about incentives.”
John Cassidy, How Markets Fail: The Logic of Economic Calamities

Awdhesh Singh
“When government services are driven by high ideals- like selfless service,nationalism, rather than by practical considerations, like incentives for performance and punishment for non-performance the officers tend to become more corrupt. Most people work hard when their hard work is recognised and adequately compensated. When there is no legally allowed performance incentive, often that extra compensation comes in the form of bribe in such a government organisation, which alone motivates people to work more.”
Awdhesh Singh, Myths are Real, Reality is a Myth

“As men, we live for sensual incentives. Everything else has to revolve around that.”
Lebo Grand

“Without sensuality, a relationship is merely a matter of duty.”
Lebo Grand

Kat Lahr
“Nearly all large healthcare organizations make their top executives extremely rich, a perverse incentive to profit off the sick.”
Kat Lahr, What the U.S. Healthcare System Doesn't Want You to Know, Why, and How You Can Do Something About It

Kat Lahr
“Can the CEO of a pharmaceutical company prioritize opioid addiction as a top concern if they are making a profit from opioids?”
Kat Lahr, What the U.S. Healthcare System Doesn't Want You to Know, Why, and How You Can Do Something About It

Kat Lahr
“Can specialty physicians prioritize preventative health, physicals, and early screenings if they are doctors for people who are sick?”
Kat Lahr, What the U.S. Healthcare System Doesn't Want You to Know, Why, and How You Can Do Something About It

Warren Buffett
“Managers who want to expand their domain at the expense of owners might better consider a career in government.”
Warren Buffett, The Essays of Warren Buffett: Lessons for Corporate America

Michael Parenti
“The communists operated on the assumption that once capitalism and its attendant economic abuses were eliminated, and once social production was communalized and people were afforded some decent measure of security and prosperity, they would contentedly do their fair share of work. That often proved not so.”
Michael Parenti, Blackshirts and Reds: Rational Fascism and the Overthrow of Communism

“La religion est un moyen efficace de modifier la structure des jeux de ce type. [...] Dieu est peut-être encore plus efficace qu'un gouvernement à cet égard, puisque son omniscience et omnipotence apportent une garantie très forte que les mauvaises actions vaudront des sanctions sévères à leurs auteurs. Dieu est le parrain absolu”
Brian Chistian, Tom Griffiths

Steve Jobs
“Incentive structures work, so you have to be very careful of what you incent people to do, because various incentive structures create all sorts of consequences that you can’t anticipate.”
Steve Jobs

“The best incentives in the life of a person involved in sales can be offering valuable products and solving end user problems.

No bonus can replace that. Remember that.”
Ankit Samrat

“People do for money what they would never do for love.”
Marty Rubin