In Praise of Weak Incentives

In Praise of Weak Incentives

Update: 2009-03-26
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Contributor(s): Professor John Roberts | The current financial crisis was largely caused by strong, misaligned incentives for bankers, resulting in calls for redesign of these pay schemes. Yet economic research over the last several years has suggested a number of contexts where muted incentives are desirable. This lecture will examine these.
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In Praise of Weak Incentives

In Praise of Weak Incentives

Professor John Roberts