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The Why Axis (Hardcover)
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The Why Axis (Hardcover)
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Can economics be passionate?... Can it center on people and what
really matters to them day-in and day-out.... And help us
understand their hidden motives for why they do what they do in
everyday life?
Uri Gneezy and John List are revolutionaries. Their ideas and
methods for revealing what really works in addressing big social,
business, and economic problems gives us new understanding of the
motives underlying human behavior. We can then structure incentives
that can get people to move mountains, change their behavior--or at
least get a better deal.
But finding the right incentive can be like looking for a needle in
a haystack. Gneezy and List's pioneering approach is to embed
themselves in the factories, schools, communities, and offices
where people work, live, and play. Then, through large-scale field
experiments conducted "in the wild," Gneezy and List observe people
in their natural environments without them being aware that they
are observed.
Their randomized experiments have revealed ways to close the gap
between rich and poor students; to stop the violence plaguing
inner-city schools; to decipher whether women are really less
competitive than men; to correctly price products and services; and
to discover the real reasons why people discriminate.
To get the answers, Gneezy and List boarded planes, helicopters,
trains, and automobiles to embark on journeys from the foothills of
Kilimanjaro to California wineries; from sultry northern India to
the chilly streets of Chicago; from the playgrounds of schools in
Israel to the boardrooms of some of the world's largest
corporations. In The Why Axis, they take us along for the ride, and
through engaging and colorful stories, present lessons with big
payoffs.
Their revelatory, startling, and urgent discoveries about how
incentives really work are both revolutionary and immensely
practical. This research will change both the way we think about
and take action on big and little problems. Instead of relying on
assumptions, we can find out, through evidence, what really works.
Anyone working in business, politics, education, or philanthropy
can use the approach Gneezy and List describe in The Why Axis to
reach a deeper, nuanced understanding of human behavior, and a
better understanding of what motivates people and why.
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