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incentive design

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    Incentive Design Entry #0384

    Why a guaranteed minimum changes risk-taking

    A floor removes the downside. What remains above the floor is pure upside, and the calculation that follows treats it accordingly.

    Adept
    The hidden part #0384

    A floor removes the downside from the calculation. What remains is pure upside, and the bets that follow reflect it.

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    Incentive Design Entry #0377

    The reason a bonus for lines of code produces long code

    Measure what you want and you will get exactly that — the metric, not the quality the metric was supposed to represent.

    Adept
    The hidden part #0377

    Reward defines the output. The metric does not fail because people cheat; it fails because people succeed at optimising exactly what was measured.

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