Chapter
The Problem with Short-Term Incentives in Leadership
36:28 - 40:39 (04:10)
The mismatch between the pressure leaders face to perform in the short-term and the need for long-term decision-making can result in suboptimal outcomes for organizations. This is often due to a misaligned system of incentives that rewards immediate gains while undervaluing future benefits.
Clips
The mismatch between incentivizing long-term thinking and rewarding short-term gains creates a problem for leaders like CEOs and governors.
36:28 - 39:27 (02:58)
Summary
The mismatch between incentivizing long-term thinking and rewarding short-term gains creates a problem for leaders like CEOs and governors. They are encouraged to focus on immediate gains rather than making investments with long-term benefits.
ChapterThe Problem with Short-Term Incentives in Leadership
Episode#609 - Uri Gneezy - How To Understand Psychological Incentives
PodcastModern Wisdom
In this podcast, two experts debate about the effectiveness of tenure in academia.
39:27 - 40:39 (01:12)
Summary
In this podcast, two experts debate about the effectiveness of tenure in academia. While one argues that it can lead to complacency, the other defends the importance of academic freedom and job security that tenure provides.