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The Power of Incentives in Shaping Behavior
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1:03:33 - 1:04:21 (00:48)

Incentives can be a powerful tool in shaping behavior, but bad incentives can lead to unintended consequences, as in the case of a daycare center where late pick-up fees led to more late pick-ups. The importance of designing effective incentives is illustrated by a similar example in Wales where a poorly designed incentive led to increased travel costs for families.

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