Incentives in the balance
We respond to incentives, that is true — but not always in the way that might be expected
6 min readSep 24, 2021
An insight to which I often return is the following economic observation, from Steven Landsburg’s The Armchair Economist: “People respond to incentives. The rest is commentary.” It has an irresistible simplicity, and it’s not hard to find plenty of evidence for it…