Chapter
The Clawback: A Field Experiment in Creating Incentives for Better Performance
20:03 - 25:04 (05:01)
The Clawback, a fundraising tool that allows donors to take back their donation if certain conditions are not met, has been shown to be a successful incentive for better performance and long-term commitment to a cause. The field experiment conducted by researchers provided insights on the effectiveness and durability of this incentive.
Clips
Workers in a manufacturing plant are being incentivized with clawbacks, where they can get back the extra wages they already earned if they don't reach their target goals in the future, resulting in higher motivation and satisfaction among employees.
20:03 - 22:57 (02:54)
Clawback Incentives
Summary
Workers in a manufacturing plant are being incentivized with clawbacks, where they can get back the extra wages they already earned if they don't reach their target goals in the future, resulting in higher motivation and satisfaction among employees.
ChapterThe Clawback: A Field Experiment in Creating Incentives for Better Performance
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
John List discusses his research on charitable giving and the importance of understanding why people give and what keeps them committed to a cause.
22:57 - 25:04 (02:07)
Charitable Giving
Summary
John List discusses his research on charitable giving and the importance of understanding why people give and what keeps them committed to a cause.