#609 - Uri Gneezy - How To Understand Psychological Incentives

Published: April 1, 2023, 6 a.m.

b"Uri Gneezy is a behavioural economist, a professor at the University of California and an author who's research focuses on human incentives.\\nIncentives 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.\\xa0\\nExpect 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...\\nSponsors:\\nGet 83% discount & 3 months free from Surfshark VPN at\\xa0https://surfshark.deals/MODERNWISDOM\\xa0(use code\\xa0MODERNWISDOM)\\nGet $100 discount on the best water filter on earth from AquaTru at https://bit.ly/drinkwisdom (discount automatically applied)\\nGet 20% discount on all Keto Brainz products at https://ketobrainz.com/modernwisdom (use code: MW20) and follow them on Instagram at https://www.instagram.com/ketobrainz/\\nExtra Stuff:\\nBuy Mixed Signals - https://amzn.to/40pQ4Tj\\xa0\\nGet my free Reading List of 100 books to read before you die \\u2192 https://chriswillx.com/books/\\nTo support me on Patreon (thank you): https://www.patreon.com/modernwisdom\\n-\\nGet in touch.\\nInstagram:\\xa0https://www.instagram.com/chriswillx\\nTwitter:\\xa0https://www.twitter.com/chriswillx\\nYouTube: https://www.youtube.com/modernwisdompodcast\\nEmail: https://chriswillx.com/contact/\\xa0\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"