Results 1 to 10 of 20

Thread: Understanding incentive

Threaded View

Previous Post Previous Post   Next Post Next Post
  1. #1
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    22,660
    Thanks
    3,307
    Thanked 2,676 Times in 2,258 Posts
    Blog Entries
    12

    Understanding incentive

    An economics professor at a local college made a statement that he had never failed a single student before, but had once failed an entire class.

    That class had insisted that Obama's socialism worked and that no one would be poor and no one would be rich, a great equalizer.

    The professor then said, "OK, we will have an experiment in this class on Obama's plan".

    All grades would be averaged and everyone would receive the same grade so no one would fail and no one would receive an A.

    After the first test, the grades were averaged and everyone got a B..
    The students who studied hard were upset and the students who studied little were happy.

    As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little.
    The second test average was a D!
    No one was happy.

    When the 3rd test rolled around, the average was an F.

    The scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.

    All failed, to their great surprise, and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great but when government takes all the reward away, no one will try or want to succeed.


    What gets rewarded gets done!

    Could not be any simpler than that.

  2. Thank given for this post:

    IanF (28-Jul-09), Yvonne (31-Jul-09)

Similar Threads

  1. Understanding the concept of Cold Calling
    By meyer8 in forum Marketing Forum
    Replies: 2
    Last Post: 24-Jul-09, 02:16 PM
  2. Broad Based Black Economic Empowerment: Understanding
    By Sibusiso Nkosi in forum BEE and Employment Equity Forum
    Replies: 3
    Last Post: 21-Mar-09, 10:39 PM

Tags for this Thread

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •