In praise of weak incentives

LSE Space for Thought lecture series

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.

John Roberts holds the John H. and Irene S. Scully Professorship in Economics, Strategic Management and International Business in the Graduate School of Business at Stanford University. He held the Jonathan B. Lovelace Professorship in the GSB from 1980 to 2001. He is also, by courtesy, Professor of Economics in Stanford’s School of Humanities and Sciences. He directs the Executive Program in Strategy and Organization as well as several company-specific, custom executive programs at the GSB and is faculty director of the Global Management Program and director of the Center for Global Business and the Economy there. He was Associate Dean for Academic Affairs and Director of Research for the Business School from 1987 to 1990 and he served as its Senior Associate Dean for External Relations from 2000 to 2009.

The Space for Thought Lecture series celebrates the completion of the New Academic Building and is supported by the LSE Annual Fund.You can see a list of all the lectures in this series at Space for Thought Inaugural Lecture Series.

Register to tell a friend about this lecture.

Comments

If you would like to comment about this lecture, please register here.

©2003-2006 Niminim Limited. Created by

Any ad revenue is entirely reinvested into the Lecture List's operating fund