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Natural Sciences

Incentives

Natural Sciences · Charlie Munger / Adam Smith

1 min read

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Overview

People respond to what they are rewarded or punished for — not to what they are told. Design the incentive and you design the behaviour.

How to cite

Faster Than Normal. “Incentives Mental Model.” fasterthannormal.co/mental-models/incentives. Accessed 2026.

On this page

  • Overview