Incentives Quotes - Page 12

• A goal without real consequences is wishful thinking. Good follow-through doesn't depend on the right intentions. It depends on the right incentives.

  Tim Ferriss

  Real, Thinking, Goal

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• I know the problem of obesity. I got to tell you, I think that's tepid. I just don't think the bully pulpit is going to be enough to sufficiently fight obesity. We're going to have to have incentives in here.

  Max Baucus

  Fighting, Thinking, Bully

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• Under communism (socialism), there is no incentive to supply people with anything they need or want, including safety.

  George Reisman

  People, Safety, Needs

  "Capitalism: A Treatise on Economics". Book by George Reisman, 1995.

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• To most of America, war has become not only tolerable but profitable, and so there is no longer any great incentive to end it.

  James Risen

  War, America, Ends

  James Risen (2014). “Pay Any Price: Greed, Power, and Endless War”, p.15, Houghton Mifflin Harcourt

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• I think we need a very, very serious effort, primarily through tax policy to provide incentives and encouragement for people to save and invest and expand their businesses and to create more jobs. The kind of thing we did in the early Reagan years, 30 years ago. I think that's essential.

  Dick Cheney

  Encouragement, Jobs, Thinking

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• We are a consumer company and our success is directly linked to our users trusting us. Therefore we have the same incentive as the user: they want to see relevant advertising so their experience of Google is positive and we want to deliver it.

  Susan Wojcicki

  Google, Want, Advertising

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• People who buy annuities, it turns out, live longer than people who don't, and not because the people who buy annuities are healthier to start with. The evidence suggests that an annuity's steady payout provides a little extra incentive to keep chugging along.

  Steven Levitt

  People, Littles, Evidence

  Stephen J. Dubner, Steven D. Levitt (2010). “Superfreakonomics: Global Cooling, Patriotic Prostitutes and Why Suicide Bombers Should Buy Life Insurance”, p.77, Penguin UK

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• The individual incentive not to commit crime on Wall Street now is almost zero.

  Matt Taibbi

  Zero, Wall, Crime

  "Justice Department's New Get-Tough Policy Is, Well, Not" by Matt Taibbi, www.rollingstone.com. February 20, 2013.

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• I'm not saying that you need a State Department that looks like the litigation department of a major law firm. But you need people who are not afraid to make the case for the United States, who are not afraid to stand their ground, not afraid to be isolated in international organizations when that's the correct approach for our diplomacy. This is a cultural change that has to be effected through incentive systems, promotion systems, career training systems. This is not something that you can do with the stroke of a magic wand, it's going to take years to make this change.

  John Bolton

  Years, Law, Careers

  Source: humanevents.com

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• Historically speaking, religious and conservative groups always wanted the control over the private sphere that impacts women most, as reflected by family law and women's access to resources and mobility. And often secular groups traded this for economic incentives and trade.

  Zainab Salbi

  Religious, Impact, Law

  Source: www.truth-out.org

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• I think things that contribute to the destruction of our free-incentive system are wrong. A trend against that free-incentive system is wrong, and should only be temporarily engaged in, in the event that war or something of that kind requires it. Otherwise, it should be reduced.

  George M. Humphrey

  War, Thinking, Events

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• Refugees cost us money too when they come to us. If we improve their living conditions in Turkey, we create an incentive for them to stay there and not to place their fates in the hands of smugglers.

  Martin Schulz

  Fate, Hands, Turkeys

  Source: www.spiegel.de

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• I think that if you have a single payer system and an opt-out for people who want to pay more [for better service, etc.], I think it would be better - and I think we'll eventually get there. It wouldn't be better at the top - [our current system] is the best in the world at the top. But the waste in the present system is awesome and we do get some very perverse incentives.

  Charlie Munger

  Thinking, People, Would Be

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• All the forms of double taxation in the current system are punitive and self-destructive because they are literally destroying people's incentive to provide that seed corn for future economic growth.

  Daniel J. Mitchell

  Self, People, Growth

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• Property rights can improve a woman's ability to stand up to violence in the home. You might think education and employment are important because they give women exit options, but property is as well. Give women equal property rights to inherited land, then they have an asset they can take out of the marriage. This gives husbands strong incentives to not beat them.

  Martha C. Nussbaum

  Strong, Husband, Home

  Source: www.neh.gov

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• I think we also have learned the lesson that we have to have better incentive structures.

  Richard Thaler

  Thinking, Lessons, Structure

  Source: bigthink.com

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• The money has to be deferred with what they call "clawback," which means they can get it back if I lose it all. So that guy making ten million a year selling credit default swaps, if we're going to keep five million of it in escrow for ten years, and with the right to go back and get it, if he starts losing money, then we're going to give people the right incentives not too take so much risk.

  Richard Thaler

  Mean, Years, People

  Source: bigthink.com

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• A different set of incentives from rising in an economic establishment where the rewards system, again, the reinforcement, comes from being a truffle hound. That's what Jacob Viner, the great economist called it: the truffle hound - an animal so bred and trained for one narrow purpose that he wasn't much good at anything else, and that is the reward system in a lot of academic departments.

  Charlie Munger

  Animal, Different, Purpose

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• I believe in market economics. But to paraphrase Churchill - who said this about democracy and political regimes - a market economy might be the worst economic regime available, apart from the alternatives. I believe that people react to incentives, that incentives matter, and that prices reflect the way things should be allocated. But I also believe that market economies sometimes have market failures, and when these occur, there's a role for prudential - not excessive - regulation of the financial system.

  Nouriel Roubini

  Believe, People, Political

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• Some people die twice: once when they retire, and again when they actually pass away. Fear of the first one is a big incentive for me to keep working.

  Vin Scully

  People, Passing Away, Firsts

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• Since you own your life, you are responsible for your life. You do not rent your life from others who demand your obedience. Nor are you a slave to others who demand your sacrifice. You choose your own goals based on your own values. Success and failure are both the necessary incentives to learn and to grow. Your action on behalf of others, or their action on behalf of you, is only virtuous when it is derived from voluntary, mutual consent. For virtue can only exist when there is free choice.

  Ken Schoolland

  Life, Sacrifice, Goal

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• The most frightening pages of history are those which reveal how easily conditions making a desert of the human spirit may come into existence, with the oozings away of incentive and kindliness in our natural social structure.

  Haniel Long

  Desert, May, Pages

  Haniel Long (1950). “A letter to St. Augustine: after re-reading his confessions”

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• When people who are songwriters say 'That's my property and if you give it away for free then I'll lose my incentive,' then, well, good riddance.

  Ian MacKaye

  People, Giving, Good Riddance

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• Why pay a fee for Internet content when a million free sites are just a click away? There's no incentive until people are too addicted to the Net to turn off their computers, yet are bored with what's available.

  Nathan Myhrvold

  People, Bored, Pay

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• Obama's perverse view of fairness threatens to create reverse incentives, militating against growth, jobs, expansion and upward mobility.

  Dick Morris

  Jobs, Views, Growth

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