19 min listen
S1 Ep45: Incentivising behavioural change: The role of time preferences
S1 Ep45: Incentivising behavioural change: The role of time preferences
ratings:
Length:
14 minutes
Released:
Oct 7, 2020
Format:
Podcast episode
Description
Incentivising people to lead healthier lives by means of monetary payments is a simple and cost-effective intervention, but are there ways to tweak that basic incentive contract to make it work particularly well for people who are impatient (those who discount future benefits for immediate gain)? In this VoxDevTalk, Rebecca Dizon-Ross discusses a randomised experiment that varied the design of payment incentives: bundling payments over time meaningfully increased effort among the impatient relative to the patient; in contrast, increasing payment frequency had limited efficacy, which suggests limited impatience over payments.
Released:
Oct 7, 2020
Format:
Podcast episode
Titles in the series (100)
S1 Ep11: Tackling food insecurity: We lose about 5% of global GDP due to hunger related diseases, and the situation is getting worse with the number of people living in food insecurity increasing. Yet one-third of all food produced is wasted. **Arif Husain**, Chief Economist at the Worl... by VoxDev Development Economics