AdrianMLopez on Nostr: Hmm. These are great questions. So what are a bad incentives? Big pharma/medicine is ...
Hmm. These are great questions.
So what are a bad incentives?
Big pharma/medicine is only incentivized to sell drugs. If you aren’t sick or they develop a real solution to your problem they have no business. Bad incentive.
Grain farming is subsidized by the government so farmers make more money from industrialized, mono crop farming rather than regenerative agriculture involving holistic animal husbandry. Bad incentive.
Social media algorithms encourage more engagement from violence or sexuality. In order to get views and clicks, you’re gonna want to find a way to include those in your posts even if you’d rather post something meaningful. Bad incentive.
Solar energy is helped paid for by the US government even in states where it wouldn’t be efficient or useful to do so. This leads to unreliable energy and unstable power grids. Bad incentive.
What are good incentives? To me, good incentives are problems that are fun or meaningful for you to solve and if you can get paid to solve them then you’re winning at life. This is where entrepreneurs come in and fix the problems of the world through creative destruction.
So what are a bad incentives?
Big pharma/medicine is only incentivized to sell drugs. If you aren’t sick or they develop a real solution to your problem they have no business. Bad incentive.
Grain farming is subsidized by the government so farmers make more money from industrialized, mono crop farming rather than regenerative agriculture involving holistic animal husbandry. Bad incentive.
Social media algorithms encourage more engagement from violence or sexuality. In order to get views and clicks, you’re gonna want to find a way to include those in your posts even if you’d rather post something meaningful. Bad incentive.
Solar energy is helped paid for by the US government even in states where it wouldn’t be efficient or useful to do so. This leads to unreliable energy and unstable power grids. Bad incentive.
What are good incentives? To me, good incentives are problems that are fun or meaningful for you to solve and if you can get paid to solve them then you’re winning at life. This is where entrepreneurs come in and fix the problems of the world through creative destruction.