2min chapter

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#609 - Uri Gneezy - How To Understand Psychological Incentives

Modern Wisdom

CHAPTER

The Importance of Incentives in Economics

Incentives are something that will make you do a thing that you wouldn't otherwise. A common mistake is that incentive is only money, it's definitely not. Incentives basically complete a story in your mind and once you get incentives, it helps you to create one sort of a story.

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