Incentives
topic on 7 shows · 11 statements across 11 episodes
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American Optimist 
the Knowledge Project 
Lenny's Podcast 
Capital Allocators 
the Green Blueprint 
the a16z Podcast
11 statements about Incentives, every show
Charlie Munger: People Consistently Underestimate the Power of Incentives
“Well, I think 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. And Never a year passes, but what I get some surprise that pushes my limit a little farther.”
Parrish: Employees follow personal incentives, not company mission statements
“People don't follow mission statements. They follow their personal incentives. If your incentives point the wrong way, that's where people are going to go.”
Clowes: Companies will ignore end-user experience without dedicated incentives
“If there is nobody in the organization whose true incentive Is to measure that success, the end user success, their enjoyment, their happiness, their retention, their engagement early on, it will not happen. Or at best it will be a hobby”
Munger: Almost everyone underestimates how incentives drive behavior
“Almost everyone thinks that they fully recognize how important incentives and disincentives are for changing behavior, but this is not often so. I've been in the top five percent of my age cohort, my Entire life and understanding the power of incentives yet ha…”
Lacey: Over Half of US Manufacturing Incentives Go to Foreign Firms
“More than half of the incentives are actually being in on the manufacturing side are being taken and Advantage of by firms outside the US.”
Ben Horowitz: Eliminating Economic Incentives Leaves Only State Coercion
“By concentrating power, a hundred percent in the government, you remove and following the communist philosophy, you remove the carrot from society. There is no incentive to work hard, to earn more money, to have a better life for your family. That's gone. And …”
Johnston: Remove bad-behavior incentives before paying people for healthy ones
“I think there's a lot of room to do, to take away the incentives that we're already providing for bad behaviors before we try to pay people for better behaviors.”
Paul: Institutional Market Errors Stem From Structure and Incentives
“And I spent a lot of time thinking about, man, why are all these really smart people with tons of skin in the game making such obvious errors? And my conclusion was it's structural. It's not that these people don't see it. It's that incentives are everything. …”
Mullenweg: Incentives and Markets Always Trump Individual Corporate Action
“You know, I believe in, sort of, incentives and environments and markets always trump, you know, anything one individual or company can do.”
Russo: Business superiority is driven by people first, incentives second, brands third
“We're actually buying long-term stakes in businesses that are or are not superior based on people first, incentive second, products and brands third. And it's nothing to do with names and spaces.”
Dixon: Satoshi's Bitcoin whitepaper is fundamentally nine pages of incentives
“I think the best way to think of the Satoshi's original paper is nine pages of incentives. I mean, there's not to this, there's computer science and game theory and other important things, but the incentives are kind of the key part, and those incentives creat…”