Incentives are important in the short term.

· Bits and Bobs 8/17/26
  • Incentives are important in the short term. Values are important in the long-term.
    • A system driven only by incentives is amoral.
    • It's when values enter the equation that long-term benefit of the whole can emerge.
    • The modern world got in this hollowed out state partially from saying "screw it, local incentives are all that matter."
    • There are a surprising number of places where the emergent result is still pretty good even only focusing on incentives, but not everywhere.
    • We've lost our values.