The benefits First, let’s consider the pros. There are benefits for the athletes (scholarships, character building, career opportunities, etc.), benefits for the fans (entertainment), benefits for the university (income, prestige, etc.), and benefits for the community (economic stimulation, bringing the community together, etc.). These things are not to be disregarded. As we proceed to consider…
Tag: Economics
The paradox of incentive
If something is incentivized too strongly, it becomes disincentivized. Extrinsic motivation has important social utility. It can both drive prosocial behavior and inhibit antisocial behavior. In many cases, extrinsic rewards are natural. Praise is a natural response to someone doing something we want them to do, for example, as is expressing anger towards someone for…
Owner, chairperson, CEO, president: Who’s really in charge of the company? An expository essay on corporate governance in the US
In a publicly traded company, the shareholders actually own the company. The shareholders collectively appoint members of the board of directors according to an agreed upon process, and the board of directors controls the company for the shareholders. The board then hires C-level executives, including CEO (chief executive officer), to do the actual work of…
thoughts on mind 