"... perhaps if I had no alarm system protecting my house, 99.999% of people still wouldn’t rob me. But 99.999% of people not robbing you is still known as 'getting robbed'."https://slatestarcodex.com/2019/10/28/financial-incentives-are-weaker-than-social-incentives-but-very-important-anyway/ …
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... "Even if only a tiny number of people are sensitive to money, it’s enough to create a core who occasionally try making things better even when that’s not cool."
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"The authors are Nobel Prize winning economists, so I assume they’re basically right." And then he proceeds to dismantle their silly little survey.https://slatestarcodex.com/2019/10/28/financial-incentives-are-weaker-than-social-incentives-but-very-important-anyway/ …
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"when you remove financial incentives, you don’t get everyone acting ethically for the good of all. You just get status incentives with no counterbalance. I can think of few things scarier." Great piece.https://slatestarcodex.com/2019/10/28/financial-incentives-are-weaker-than-social-incentives-but-very-important-anyway/ …
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understanding that most people don't understand how the economy functions is crucial to understanding how the economy functions
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