Review
- 2025–2026 slides posted for reference.
Fall 2026 coming soon.
Lecture Notes (2025-2026) - Self Test:
incentive pay
Games
- Game schedule
- Game Results:
- to be posted after they are discussed in class
Readings
Dangers of Incentive Pay
- Incentives can be dangerous (Bank failures: 2016) [ungated version]
- Incentives and risk-taking (Bank failures: 2023)
- Cobras, Severed Hands, and Shea Butter (Bad incentives through history)
- Incentives require commitment [ungated version]
- Pay for diagnoses, get diagnoses (Medicare Advantage, 2026)
- Reward hacking — AI learns to game incentives, too
Screening
- Paying employees to quit
- AI and the job market
- How AI is killing the value of cover letters (just the abstract)
- And how this hurts the top candidates (just read the abstract)
- Raising the cost of the signal: companies bringing back the in-person interview
- Adverse selection in health insurance
- More readings to come…