- Power of Incentives
- When the Rewards are Big and Risk is small, even the honest may cheat.
- Incentives are cornerstone of Modern life-understanding them is the key to solving any riddle.
- Those who knows Power of Incentives, tend to exploit it to their advantage in Business and Life.
- Always analyze Incentives of Involved parties in any life transactions to really understand motive behind the so-called “Help”.
- Information is Power
- People who posses information are most powerful, especially when there is information asymmetry.
- Those who control information often pretend to help, while behind the scene they are helping themselves.
- Age of Internet has enabled availability of (majority of) information at a single click, but it is will of people to make use of it to avoid being exploited by other people.
- Transparency reduces the advantage of secret information, and withholding information empowers people to maintain control.
- Don’t Judge things based on how do they look like at Surface
- Most risky job doesn’t ensure highest pay.
- Every occupation survives on pyramid structure, where lower spectrum always strive to reach at the top.
- Incentives drives people to risk everything to gain a little.
- Big changes are often driven from less obvious, controversial causes
- Roots of the changes are often planted decades ago before we actually see the results
- Popular answers feel good but real answers need evidence.
- Unintended consequences changes the world more often than planned interventions.
- Essensce of Parenting
- Parenting outcomes are not about what you do, but who you are.
- A home full of books matters more than reading strategies.
- Outcomes often reflect the environment, not the technique.
- Names reveal where you come from, not where you’ll end up.
- You can rename a child—but not rewire their world.
- Why sometime putting more controls backfire?
- Every new rule creates a new loophole—regulations invite creativity, not always compliance.
- Smart governance doesn’t punish—it reshapes choices by making the right one easier.
- People don’t always cheat out of greed—sometimes it’s just bad design that invites dishonesty.
This books has been full of uncommon ideas and questions exploring with help of data.
Based on my life experience, if I put myself in author’s shoes, following will be the questions I would like to answer:
- Why do Indian Parents spend so much on Big Fat Weddings, when their economic condition is not that great?
- What are the incentives for people to stuck in low paying jobs when they have capability to advance in their career?
- When Information is freely available on internet, why do we not see people using that information for self-education/upliftment?
- Why habits are so difficult to maintain but easier to start?