The Human Risk Podcast11 Aug 2023

Bruce Rigal on Money and Motivation

How can we design incentive programmes that deliver the right outcomes and avoid the wrong ones? We're all familiar with teh idea of rewards to encourage good behaviour and punishment to deter bad behaviour. Incentive programmes are common because they're effective. But they often come with unintended consequences.

On this episode, I'm speaking to a former colleague of mine, Bruce Rigal. He began his career in Investment Banking — where we worked together — before, like me, moving into Behavioural Science. As part of his role in banking, Bruce was responsible for the development of an incentive program within a bank, making him the ideal person to talk to about the challenges of developing ones that will deliver the right outcomes.

In our discussion, we talk about:

Professor Elke Weber: https://psych.princeton.edu/people/elke-weber

Professor Sam Peltzman: https://www.chicagobooth.edu/faculty/emeriti/sam-peltzman

The Peltzman Effect: https://tradestops.com/blog/the-peltzman-effect-how-safety-perception-increases-risk/

(Original paper here:https://www.jstor.org/stable/1830396)

The impact of rewards on intrinsic motivation in children: https://bingschool.stanford.edu/news/mark-lepper-intrinsic-motivation-extrinsic-motivation-and-process-learning

To connect with Bruce: https://www.linkedin.com/in/bruce-rigal-6799a545/

For more on my book 'Humanizing Rules: Bringing Behavioural Science to Ethics & Compliance' and to read the first few chapters for free: www.humanizingrules.com

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(368)

Amy Kean on Communicating Effectively

What makes communicating effectively such a critical skill in today’s world?On this episode, I dive into the fascinating world of communication with Amy Kean, a psychosociologist, educator, and the fo...

29 Nov 20241h 3min

Steve Bell on Cartooning

How does one become a political cartoonist? And what lessons can we learn from their craft?Episode Summary In this episode, I sit down with legendary political cartoonist Steve Bell to explore the art...

23 Nov 20241h 17min

Dr Eva Van Den Broek & Tim Den Heijer on The Housefly Effect

How do tiny changes in our surroundings create big impacts on our daily lives? And what does that have to do with house flies?Episode SummaryIn this episode, I’m thrilled to welcome Dr. Eva Van Den B...

14 Nov 20241h 8min

Matt Ballantine on Solving Problems with Randomness

What if embracing randomness could unlock better decision-making in your work?In this episode, I welcome back Matt Ballantine, a returning guest known for his insightful and playful take on work and l...

4 Nov 20241h 4min

Anna Rowe on Romance Scams

What would you do if someone you trusted turned out to be living a double life?Episode SummaryOn this episode, I speak with Anna Rowe, a brave and resilient advocate for victims of romance fraud. Anna...

25 Okt 20241h 13min

Dr. Holly Bell on Curiosity, Road Trips, and Reinvention

How can road trips and curiosity shape our perspectives on life?In this episode, I speak with Dr Holly Bell, a former professor, author, and spontaneous traveller. Holly’s diverse background, which in...

18 Okt 20241h 3min

Carissa Carter & Scott Doorley on Assembling Tomorrow

What role does creativity play in navigating an unpredictable world?On this episode, I sit down with Carissa Carter and Scott Doorley, both members of the Stanford d.school faculty. Together, they’ve ...

11 Okt 20241h 3min

Steve Martin on Influence At Work

How can we be better at influencing others? On this episode, I explore the world of influence with behavioural scientist Steve Martin.Steve has made a career out of studying the art and science of per...

5 Okt 20241h 9min