Monday, February 16, 2015
Derik Graham, Chapter 2, Question 2
The central idea of this chapter (incentives) is, and will be highly relevant to me the rest of my life. Even now my parents give me incentive to do things for them, and I respond to them based upon if mine and theirs align, or are similar. For the rest of my life incentives will rule how and why i make certain descisions to better myself and being able to destinguish them will be key. Wheelan did an excellent job of providing examples of when invcentives work correctly and also when they when they go drastically wrong. He also explained exactly why they worked the way that they did, which provides a greater understanding of incentives, which leads to a knowledge of how to get them to work in our favor later in life.
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