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When you rely on incentives, you undermine virtues. Then when you discover that you actually need people who want to do the right thing, those people... →
In an ideal world, nobody's work would be just about the money. People could pursue excellence in what they do, take pride in achievement, and... →
Years of research in psychology has shown that rewards and punishments can be very effective in changing behavior. But, at the same time, they can... →
Of course, bankers were always interested in making money. But when bankers had clients, they bore some responsibility for the clients' welfare.
Practical wisdom is what's called for in situations that have a moral dimension to them.
Too little attention is paid to the dark side of incentives. They are anything but a magic bullet. Psychologists have known this for years, but it... →
Everybody makes money for a living, but most of us actually do something that has a point, in addition to just making money. We examine and treat... →
How much does it really matter whether your child will soon be enjoying a first year at Harvard or Yale or will instead end up at her third or fourth... →
I don't really read 'business books,' and I didn't think 'The Paradox of Choice' was a business book. I'm very surprised... →
People who work in financial services don't have one shred of concern about the well-being of the people they serve. They're only interested... →
What I look for in any book is an argument, based on evidence, that changes the way I think about something important.
I start with an idea that is no more than a paragraph long, and expand it slowly into an outline. But I'm always surprised by the directions... →
Unfortunately, information about the author is unknown to us. But you can