Posts Tagged ‘incentives’

  • Olympic Medal...olympics_000019262071XSmall

    How Much Is An Olympic Gold Medal Worth?

    Aug 4, 12 • 571 Views • No Comments

    In addition to the gold, silver or bronze, Olympic athletes get money for winning. The amount, though, depends on their National Olympic Committee. The Singapore Olympic Committee gives its gold medal winners $800,000, a UK gold medal winner gets his or her...  [read more]

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    (Bad) Decisions

    Apr 24, 12 • 332 Views • No Comments

    By Mira Korber, guest blogger. Why might have most notorious fraudsters committed their crimes? The traditional answer seems obvious: severe character flaws, lack of ethics, unbridled greed. But there may be more to the picture than simply this “bad...  [read more]

  • 16805_cash register.12.14.11_000008894661XSmall

    Venezuela’s Price Controls

    Apr 22, 12 • 411 Views • No Comments

    Reading that a Venezuelan retiree did not mind the food lines, I started thinking about how President Chavez’s price controls have changed incentives. The retiree, who has more time than money, now has the incentive to stand in line. Meanwhile, a...  [read more]

  • hedgehog

    Hedging Health Risks, Hedgehog Style

    Apr 11, 12 • 316 Views • 3 Comments

    By Mira Korber, guest blogger. Oppressive fluorescent lights, the antiseptic squeak of rubber soles on linoleum, and the omnipresent pulse of machines envelop you at the hospital. You’re anxiously awaiting the results of surgery on your beloved family...  [read more]

  • India's UID Program Uses Fingerprints and Iris Scans

    Identity Checks

    Jan 19, 12 • 278 Views • No Comments

    Opening a savings account? You need to confirm your identity. Enrolling for Social Security or Medicare? They check your credentials. But what if you cannot prove who you are? Signing up for India’s Unique Identity (UID) program has enabled many...  [read more]