7 posts tagged with incentives.
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Perverse incentives, Australia's (1790) death fleet & echoes today

Contracts and convicts: how perverse incentives created the death fleet After Australia's First Fleet came the second fleet. Due to contract issues, many people died. (via @smurray38) [more inside]
posted by hawthorne on Jan 16, 2017 - 8 comments

Bad Science

The Inevitable Evolution of Bad Science "Now, imagine you’re a researcher who wants to game this system. Here’s what you do. Run many small and statistically weak studies. Tweak your methods on the fly to ensure positive results. If you get negative results, sweep them under the rug. Never try to check old results; only pursue new and exciting ones. These are not just flights of fancy. We know that such practices abound."
posted by dhruva on Sep 26, 2016 - 15 comments

Executive Compensation

The Incentive Bubble (ungated pdf) - "The fraying of the compact of American capitalism by rising income inequality and repeated governance crises is disturbing. But misallocations of financial, real, and human capital arising from the financial-incentive bubble are much more worrisome to those concerned with the competitiveness of the American economy." [more inside]
posted by kliuless on Apr 3, 2012 - 54 comments

more of the same

Life after Capitalism - Beyond capitalism, it seems, stretches a vista of... capitalism: [more inside]
posted by kliuless on Jan 25, 2011 - 33 comments

Advance Market Commitments

Inducement Prizes -- Best known for the Ansari X Prize, the DARPA Grand Challenge and the Clay Mathematics Millennium Problems, inducement prizes have a long history, but their recent successes have led to increased government interest, viz. challenge.gov, and resulted in the development of vaccines, thanks in large part to the work of Michael Kremer.* [more inside]
posted by kliuless on Jan 6, 2011 - 8 comments

Just a Spoonful of Ducats

Please take your meds. Here's some cell minutes if you do. Or hmm, how about a chance for $10 or $100 if you take your meds? No? Well fine - it's your funeral, and then maybe we can just give you a lil somethin to take those organs off your hands. [more inside]
posted by cashman on Jun 30, 2008 - 23 comments

Netherlands Awards Damages in

A court in the Netherlands has awarded damages to a severely disabled girl for having been born -- a so-called "wrongful life" judgment. While we discussed French suits like this a while back (1 2), this decision seems noteworthy because it allows the child herself to receive damages, not just the parents who must pay for her care. In my mind, that opens up a whole new can of worms, both in terms of the message it sends and the incentives for doctors that it creates.
posted by boltman on Apr 15, 2003 - 12 comments

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