Berry Economist

Tim Hardford, one of my favorite authors, wrote a new article on incentive schemes (see http://www.slate.com/id/2197735/). I strongly believe that incentives need to be somewhat aligned with the goal of the company so I really liked how they did it and how the right incentives trump nepotism.

But as with all incentive schemes I got some criticism from my co-workers (I might add that none of us is in the position to implement any of them):

"...making sure nobody picked too quickly...
talk about a race to the bottom
wow that is really interesting
it makes the workplace a free market then"