In Praise of Weak Incentives
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Speaker(s): Professor John Roberts
Chair: Professor David Metcalf
Recorded on 26 March 2009 in Sheikh Zayed Theatre, New Academic Building.
The current financial crisis was largely caused by strong, misaligned incentives for bankers, resulting in calls for redesign of these pay schemes. Yet economic research over the last several years has suggested a number of contexts where muted incentives are desirable. This lecture will examine these.
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