Presented to you through Paradigm Publishing Services
Yale University Press
Chapter
Licensed
Unlicensed
Requires Authentication
27. Price Signals Quality
You are currently not able to access this content.
You are currently not able to access this content.
Chapters in this book
- Frontmatter i
- Contents vii
- Introduction: Do as I Say, Not as I Do 1
-
ONE. HOW SIGNALING WINS MARKETS
- Introduction 15
- 1. Credible Signals 17
- 2. How Toyota Won the Hybrid Car Market 24
- 3. It’s Just Who I Am: Th e Value of Self-Signaling 30
-
TWO. AVOID MIXED SIGNALS
- Introduction 41
- 4. When More Is Less: Incentivizing Quantity at the Expense of Quality 45
- 5. Encouraging Innovation but Punishing Failure 61
- 6. Encouraging Long-Term Goals but Rewarding Short-Term Results 70
- 7. Encouraging Teamwork but Incentivizing Individual Success 78
-
THREE. HOW INCENTIVES SHAPE THE STORY
- Introduction 91
- 8. Stakes and Mistakes 93
- 9. Mental Accounting: Choosing the Incentive’s Currency 106
- 10. Regret as Incentives 116
- 11. Prosocial Incentives 123
- 12. Awards as Signals 127
-
FOUR. US E INCENTIVES TO IDENTIFY THE PROBLEM
- Introduction 137
- 13. Are US Students Really So Bad? 141
- 13. Are US Students Really So Bad? 148
- 15. “Pay to Quit” Strategy: Making Employees Put Their Money Where Their Mouth Is 156
- 16. Bribing the Self: Cheating and Self-Signaling 161
-
FIVE. HOW INCENTIVES LEAD TO BEHAVIOR CHANGE
- Introduction 167
- 17. Creating Habits: Change Happens One Step at a Time . . . Literally 173
- 18. Breaking Habits: Kicking Bad Behaviors to the Curb 184
- 19. I Want It Now! 196
- 20. Removing Barriers 201
-
SIX. HELPING COMMUNITIES CHANGE HARMFUL CULTURAL PRACTICES
- Introduction 211
- 21. From Lion Killers to Lion Savers: Changing the Story 213
- 22. Insurance Fraud and Moral Hazard: Th e Maasai Edition 220
- 23. Changing the Warriors’ Story 225
- 24. Changing the Economics of Female Genital Mutilation 231
-
SEVEN. NEGOTIATE YOUR SIGNALS: PUTTING INCENTIVES TO WORK AT THE NEGOTIATION TABLE
- Introduction 243
- 25. Anchoring and Adjustment 245
- 26. The Contrast Effect 248
- 27. Price Signals Quality 254
- 28. The Norm of Reciprocity 257
- Conclusion: From Mixed Signals to Clear Signals 261
- Acknowledgments 273
- Notes 275
- Index 297
Chapters in this book
- Frontmatter i
- Contents vii
- Introduction: Do as I Say, Not as I Do 1
-
ONE. HOW SIGNALING WINS MARKETS
- Introduction 15
- 1. Credible Signals 17
- 2. How Toyota Won the Hybrid Car Market 24
- 3. It’s Just Who I Am: Th e Value of Self-Signaling 30
-
TWO. AVOID MIXED SIGNALS
- Introduction 41
- 4. When More Is Less: Incentivizing Quantity at the Expense of Quality 45
- 5. Encouraging Innovation but Punishing Failure 61
- 6. Encouraging Long-Term Goals but Rewarding Short-Term Results 70
- 7. Encouraging Teamwork but Incentivizing Individual Success 78
-
THREE. HOW INCENTIVES SHAPE THE STORY
- Introduction 91
- 8. Stakes and Mistakes 93
- 9. Mental Accounting: Choosing the Incentive’s Currency 106
- 10. Regret as Incentives 116
- 11. Prosocial Incentives 123
- 12. Awards as Signals 127
-
FOUR. US E INCENTIVES TO IDENTIFY THE PROBLEM
- Introduction 137
- 13. Are US Students Really So Bad? 141
- 13. Are US Students Really So Bad? 148
- 15. “Pay to Quit” Strategy: Making Employees Put Their Money Where Their Mouth Is 156
- 16. Bribing the Self: Cheating and Self-Signaling 161
-
FIVE. HOW INCENTIVES LEAD TO BEHAVIOR CHANGE
- Introduction 167
- 17. Creating Habits: Change Happens One Step at a Time . . . Literally 173
- 18. Breaking Habits: Kicking Bad Behaviors to the Curb 184
- 19. I Want It Now! 196
- 20. Removing Barriers 201
-
SIX. HELPING COMMUNITIES CHANGE HARMFUL CULTURAL PRACTICES
- Introduction 211
- 21. From Lion Killers to Lion Savers: Changing the Story 213
- 22. Insurance Fraud and Moral Hazard: Th e Maasai Edition 220
- 23. Changing the Warriors’ Story 225
- 24. Changing the Economics of Female Genital Mutilation 231
-
SEVEN. NEGOTIATE YOUR SIGNALS: PUTTING INCENTIVES TO WORK AT THE NEGOTIATION TABLE
- Introduction 243
- 25. Anchoring and Adjustment 245
- 26. The Contrast Effect 248
- 27. Price Signals Quality 254
- 28. The Norm of Reciprocity 257
- Conclusion: From Mixed Signals to Clear Signals 261
- Acknowledgments 273
- Notes 275
- Index 297