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If you don't understand why incentives rule everything, you can't competently theorize about anything. You're stuck in stories without the ability to even scrutinize your own allegiance to one narrative over another. It's the bare minimum for model-building and we don't teach it.
Incentives go far beyond traditional contracts and exchanges of cash, they help explain social hierarchies, the spread or "memory-holing" of ideas, why new technologies are created and how their ultimate utilization often confuses or concerns the creators themselves
Skinner boxes
a thing that's happened several times:https://twitter.com/visakanv/status/1114902159156436992 …
Incentives + freedom are everything. People—especially politicians—must remember that the “benefits“ of regulation are obvious, while the benefits of freedom are, by definition, unpredictable. Regulations often shift the incentives—the failure is then blamed on the free market.
Yep, and don't forget internal incentives: people face strong internal pressure to conform with their narrative of their own identity. Understanding peoples' stories is key, since it can cause them to act in ways that, on the surface, go directly against their visible incentives.
Very key point, not everyone behaves equally when facing the same conditionshttps://pseudoerasmus.com/2015/10/04/ce/
Been thinking a lot of incentives in light of the pandemic. Modern medicine Kleptocratic&Oligarchic, gave way for global infrastructure of entitled brats. Siloed, not agile not innovative. INCENTIVES are all wrong.
Fatal fallacy: profit is bad, govt control good. Problem is, doesn’t remove bad incentive systems just created a new and very bad one.
this is one of my favorite tweetshttps://twitter.com/webdevMason/status/1102324419064553473 …
How incentives explain the confusion of creators over the ultimate utilization of technologies?
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