Suppose you have a collection of pairs of shoes and pairs of matching socks. Let’s think about two questions: Can you create a set containing one shoe from each pair? The answer is yes, for example you could take the left shoe from each pair. Can you create a set containing one sock from each…
Tag: paradox
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…
