Economics at its core is about making optimal decisions, and we assume that incentives matter when people make those decisions. If you want someone to do something, you should consider the incentive structure which might get them to do it. But be careful!! Sometimes there are unexpected consequences to your decision. For example, there are good behaviors you should engage in to help you succeed in class but what kind of incentive structure could I (your professor) set up to better motivate you

Q&A Education