Charlie Munger has learned: «I've been in the top five percent of my age cohort all my life in understanding
the power of incentives, and all my life I've underestimated it.
Charlie, you clearly understand
the power of incentives.
Don't underestimate
the power of incentives such as «big boy / girl» underwear and «target practice» objects in the toilet for boys.
All three wrote about
the power of incentives — promised rewards — and Schwartz's book is largely a diatribe against what he calls the «incentive theory of everything.»
Founded in Los Angeles in 2003 by «pro-market» business executives and professionals who believed in
the power of incentives to affect behavior, the group's consultants are now helping five states develop teacher - evaluation systems.
But others are backing Obama's bet on
the power of incentives.
Using
the power of incentives and language that creates a sense of scarcity will encourage people to take action.
He says, «I think I've been in the top 5 % of my age cohort all my life in understanding
the power of incentives, and all my life I've underestimated it.