Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By Economics as Classical Mechanics (Reporter)
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

People respond to incentives

Tuesday, June 9, 2020 14:41

% of readers think this story is Fact. Add your two cents.

This is what I’ve got from the Internet on this phrase:

· Incentive is something that induces a person to act [by offering rewards to people who change their behavior].

· Because rational people make decisions by comparing costs and benefits, they respond to incentives.

· Incentives may possess a negative or positive intention.

When the unrest in the USA and western countries fades away rational people will have to respond to numerous negative and positive intentions and to make many existential decisions:

- to reduce the risk of degraded personal and family safety;

- to reassess the short and long-term forecast of property the price due to geographical location and neighbors;

- to reassess the risks to business/job market;

- to reduce the risk to savings;

- to provide conditions for better education and communication to children;

- many others

Considering the fact that the new unrest and related negative incentives are highly likely in the months and years to come I would not be so sure that the social stratification and self- and group-isolation due to racial/political reasons (which is the main driving force of the current unrest) will fade away.

Source: http://mechonomic.blogspot.com/2020/06/people-respond-to-incentives.html

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).

Comments

Online:
Visits:	1,599,496,467
Stories:	8,139,410