Incentives

These posts cover incentives, and how they drive our behavior. These may include positive incentives (encouraging us to do something) and negative incentives (encouraging us not to do something)
Mar
18
Try Not Telling People You're An Expert (Newsletter 038)

Try Not Telling People You're An Expert (Newsletter 038)

The high expectations of others are valuable if we force ourselves to live up to them. But beware of giving in to the temptation to believe others' expectations without doing the hard work necessary to earn them.
6 min read
Dec
29
Eight Views of the American South

Eight Views of the American South

It is time to start talking about the United States. Today I will share our first impressions after not quite two months on the ground.
5 min read
Dec
24
It's Good To Be The Boss! (Newsletter 026)

It's Good To Be The Boss! (Newsletter 026)

It is unquestionably good to be the boss, because it puts you in a position to influence your company. But if you take your job seriously, you'll soon see that little comes with the title beyond the responsibility to live up to others' expectations.
5 min read
Dec
10
I Want It Now! (Newsletter 024)

I Want It Now! (Newsletter 024)

It seems like many politicians view themselves as entertainers first, and legislators or representatives a distant second. After all, you must be popular to be elected, the thinking goes
6 min read
Dec
07
If You Ask The Wrong Questions...

If You Ask The Wrong Questions...

Because we do not like feeling uncomfortable, our natural tendency is to seek out information that conforms to our existing beliefs and to ignore conflicting information.
6 min read
Dec
03
How To Implement A Project With Lackluster Management Support (Newsletter 023)

How To Implement A Project With Lackluster Management Support (Newsletter 023)

Telling a hapless manager that ensuring top management support is a critical success factor for their project is more than unhelpful. It's a bit like saying, "OK, first ensure a perpetual source of cheap, clean, renewable energy...."
6 min read
Nov
26
Is Your Country A GDPaholic? (Newsletter 022)

Is Your Country A GDPaholic? (Newsletter 022)

People all over the world are telling us something about their well-being that is not being captured in measures of GDP. They are telling us this loudly and clearly if you look for the data, and policymakers are largely ignoring them.
8 min read
Nov
23
Where Does The 2% Inflation Target Come From Anyway?

Where Does The 2% Inflation Target Come From Anyway?

Would you rather have greater purchasing power, or "output that is close to the economy's maximum sustainable level of output"?
7 min read
Nov
12
Can You Succeed At Work Without Working Hard? (Newsletter 020)

Can You Succeed At Work Without Working Hard? (Newsletter 020)

You will always outcompete someone who is not willing to put in the same time as you. I refer not just to hours spent working, but in learning how not to waste time, and how productively to use the time you have focused on the right priorities.
6 min read
Oct
15
You Get What You Incentivize (Newsletter 016)

You Get What You Incentivize (Newsletter 016)

If your appetite is unlimited, no amount will ever be sufficient to satisfy your wants. No amount of tax is "fair" when there is no limit on what you aim to spend and redistribute.
7 min read