-
Bribing your kids
Rewards undermine kids’ intrinsic interest in an activity by convincing them that they are doing it for the reward and not becase the task is enjoyable in itself. Better to offer incentives strong enough to get children to perform the desired activity, but not so strong that they see the rewards as the only reason…
-
Game theory
How we don’t always act rationally. Prisoners dilemma: if both confess, both go to jail. If one confesses then he goes free and the other goes to jail. But if neither confesses then both go free. The paradox is that self interest will drive both to confess, even though the best outcome would be achieved by…