Boss Level is a podcast on people and organizations aiming for the boss level. Boss level is the status a person or an organization achieves by making a better quality of life for themselves and others by doing what they need to do regardless of all the haters and obstacles out there.
http://www.bosslevelpodcast.com
episode 41: Bengt Holmström on incentives and transparency
Today’s guest is Bengt Holmström. Bengt is Finnish, but he’s spent the last 40 years living in the US. Currently he’s a professor of economics at MIT.
Bengt was recently awarded the Nobel prize in economic sciences together with his Harvard colleague Oliver Hart for their contribution to contract theory.
Essentially, Bengt has spent decades studying incentives and trying to figure out how to design better incentive structures. This has been a recurring theme on the podcast so I’m sure you can appreciate how excited I am to have Bengt on as a guest.
We talk about what it feels like to win the Nobel prize, incentives (obviously), and how transparency isn’t necessarily always a good thing.
Sponsor links:
- Finitec: http://www.finitec.fi
- Wunderdog: http://wunder.dog
Links for the episode:
- Bengt on Wikipedia
- Bengt's Nobel prize lecture on pay for performance
Links for the podcast:
- Mailing list: http://eepurl.com/P0dpf
- Facebook: https://www.facebook.com/bosslevelpodcast
- Twitter: https://twitter.com/bosslevelpod
- iTunes: https://itunes.apple.com/fi/podcast/boss-level/id1041885043
- Website: http://www.bosslevelpodcast.com
- Sami Honkonen on Twitter: http://twitter.com/SamiHonkonen
- Sami's website: http://www.samihonkonen.com
- Sami's blog: http://blog.samihonkonen.com