traditional economist hate behavioral economics but i love it. choosing to ignore something because it defies the assumption that traditional economics has based all its practices on (that everyone is rational) is in itself irrational
Could your findings only hold true in the short run?
Hypothesis: Over the long run, incentives for high performance may increase learning and training. Thus, they could increase performance, even in cognitive tasks.
e.g. Professional athletes, medical and law students, etc.
This is really interesting. A few weeks ago, before a Champions League game between FC Barcelona and Shakhtar Donetsk , the owner of the Ukrainian club offered the players a bonus to win the match.
The size of the bonus was the one that was actually impressive. 1 million Euros/ player! That was for most of the players more than what they earned per year. The outcome? They lost the game 5 goals to 1.
But based on what you;re saying here it appears that football/soccer it's a mental task ...
traditional economist hate behavioral economics but i love it. choosing to ignore something because it defies the assumption that traditional economics has based all its practices on (that everyone is rational) is in itself irrational
cyborganic99 3 days ago
@ jakejones111, That's a good idea. I hope someone builds an experiment from it.
CNETZebur 1 month ago
Absolutely brillant. Completely turns traditional economics on its head. Makes me think about economics in a whole new way
rapn21 3 months ago
Could your findings only hold true in the short run?
Hypothesis: Over the long run, incentives for high performance may increase learning and training. Thus, they could increase performance, even in cognitive tasks.
e.g. Professional athletes, medical and law students, etc.
jakejones111 5 months ago
This is really interesting. A few weeks ago, before a Champions League game between FC Barcelona and Shakhtar Donetsk , the owner of the Ukrainian club offered the players a bonus to win the match.
The size of the bonus was the one that was actually impressive. 1 million Euros/ player! That was for most of the players more than what they earned per year. The outcome? They lost the game 5 goals to 1.
But based on what you;re saying here it appears that football/soccer it's a mental task ...
t0y2610 10 months ago
Loving this series of video! Thanks, Dan!
Sporin47 10 months ago