Candle problem: Difference between revisions
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{{a|g|[[File:candle donut.jpg|450px|frameless|center | {{a|g|[[File:candle donut.jpg|450px|frameless|center]]}}The [[candle problem]] are related experiments from the world of social psychology about overcoming assumptions when solving problems (the “[[Duncker candle problem]]”), and then what sorts of incentives work best for solving those kinds of problems (the “[[Glucksberg candle problem]]”). | ||
{{author|Daniel Pink}} popularised the [[candle problem]] in a TED Talk and with a rather good book on the topic: {{br|Drive: The Surprising Truth About What Motivates Us}}. | |||
But for our purposes, it hints at what might be wrong with [[Compensation|discretionary compensation]], and why investment banks are likely to stick with it anyway. | But for our purposes, it hints at what might be wrong with [[Compensation|discretionary compensation]], and why investment banks are likely to stick with it anyway. |