Chapter
Encouraging Innovation by Allowing Failure
24:02 - 28:16 (04:13)
Encouraging innovation involves allowing room for failure and not punishing it. Offering incentives for creativity and giving the necessary tools to succeed leads to achieving successful innovations.
Clips
The speaker shares their opinion on the compensation of Uber drivers, stating that they would prefer to pay 20% more for the service to receive faster pick-ups and that they feel good when paying a fair wage.
24:02 - 25:03 (01:00)
Uber
Summary
The speaker shares their opinion on the compensation of Uber drivers, stating that they would prefer to pay 20% more for the service to receive faster pick-ups and that they feel good when paying a fair wage.
ChapterEncouraging Innovation by Allowing Failure
Episode#609 - Uri Gneezy - How To Understand Psychological Incentives
PodcastModern Wisdom
Encouraging innovation requires allowing people to fail without fear of punishment or reproach, so they can experiment and "force it to work."
25:03 - 28:16 (03:12)
Innovation
Summary
Encouraging innovation requires allowing people to fail without fear of punishment or reproach, so they can experiment and "force it to work."