Chapter
Reverse Incentives with Clawback Incentives
08:09 - 20:03 (11:53)
This podcast discusses the use of clawback incentives as a tool to motivate individuals to work intensively over a period of time, with the promise of an incentive at the start of the week, which can be forfeited if they don't perform. Clawback incentives are a reverse incentive scheme that encourages individuals to start their work week with a mindset of diligence.
Clips
The clawback incentive is a system that reverses traditional incentives, by initially awarding a bonus, and then taking it away if expectations are not met.
08:09 - 11:07 (02:57)
Summary
The clawback incentive is a system that reverses traditional incentives, by initially awarding a bonus, and then taking it away if expectations are not met. The goal is to encourage productivity and provide motivation for children to perform well.
ChapterReverse Incentives with Clawback Incentives
Episode#566: John List — A Master Economist on Strategic Quitting, How to Practice Theory of Mind, Learnings from Uber, Optimizations to Boost Donations, the Primitives of Decision-Making, and How Field Experiments Reveal Hidden Realities
PodcastThe Tim Ferriss Show
The speaker shares his technique of using input incentives with his kids, rather than output incentives, to motivate productive behavior.
11:07 - 14:59 (03:51)
Summary
The speaker shares his technique of using input incentives with his kids, rather than output incentives, to motivate productive behavior. This involves incentivizing the process of working towards a goal, rather than the end result.
ChapterReverse Incentives with Clawback Incentives
Episode#566: John List — A Master Economist on Strategic Quitting, How to Practice Theory of Mind, Learnings from Uber, Optimizations to Boost Donations, the Primitives of Decision-Making, and How Field Experiments Reveal Hidden Realities
PodcastThe Tim Ferriss Show
Matching donations is a powerful incentive for workers, as it has been proven over time that this approach will encourage people to donate to charitable organizations.
14:59 - 20:03 (05:03)
Summary
Matching donations is a powerful incentive for workers, as it has been proven over time that this approach will encourage people to donate to charitable organizations. Although the ratio is less important, the real mousetrap is the matching mechanism itself, which works reasonably well and has been effective for a long time according to the examination of donations in charitable organizations.