We all rely on incentives to get people to do things they might otherwise avoid. Parents reward kids for doing their homework. Companies offer bonuses to their high-performing employees. Charities send gifts to their donors. In the second episode in our “Success 2.0” series, economist Uri Gneezy shares how incentives can help us to achieve our goals, if we know how to avoid their pitfalls.
American culture celebrates those who persevere in the face of adversity. But how do we know when to walk away from something that’s no longer working? Economist John List says in every domain of our lives, it’s important to know when to pivot to something new. Be sure to check out Taking the Leap, the kick-off to our “Success 2.0” series. And for more Hidden Brain, be sure to subscribe to our newsletter! You can sign up at news.hiddenbrain.org.
