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Earlier quoted context omitted.
He has a giant pile of money to dole out to startups.
Methinks it's the other way around, but whatever.
It may could encourage people to contact him more by giving them a form of permission: > To come to our surprising conclusion, Uri ran an experiment: Out of 10 daycare centers across Haifa, they randomly chose six and introduced a small fine for parents who showed up more than 10 minutes late in each of them. In day cares where the fine was introduced, parents immediately started showing up late, with tardiness level…
There might even be a optimal fine level to make profit off the tardy parents.
This is such an incredible way to raise money for a great cause. If you have people trying to access you, why not put something like this together? I love that this is benefiting someone other than Ben. Kudos to him for doing this. Hopefully more follow his example.
are you serious? if Horowitz was really committed to the cause he would just personally donate a large amount of money (he has plenty) and not bother engaging in any of the public virtue signaling behaviors. it seems pretty obvious that he put the "donated to charity" sticker on the form to deflect accusations that he was profiteering from his fame. seems to me more like he was getting too much shit mail and wanted t…
It may could encourage people to contact him more by giving them a form of permission: > To come to our surprising conclusion, Uri ran an experiment: Out of 10 daycare centers across Haifa, they randomly chose six and introduced a small fine for parents who showed up more than 10 minutes late in each of them. In day cares where the fine was introduced, parents immediately started showing up late, with tardiness level…
I'm thinking if the fine was raised to a high enough dollar amount, tardiness would again drop off, or at the very least, revenue would increase enough to justify hiring someone to stay late...
It may could encourage people to contact him more by giving them a form of permission: > To come to our surprising conclusion, Uri ran an experiment: Out of 10 daycare centers across Haifa, they randomly chose six and introduced a small fine for parents who showed up more than 10 minutes late in each of them. In day cares where the fine was introduced, parents immediately started showing up late, with tardiness level…
I'm curious what the fine level was relative to the income of the parents, and if the fine was viewed more as a convenience fee than a penalty. I'm thinking if the fine was raised to a high enough dollar amount, tardiness would again drop off, or at the very least, revenue would increase enough to justify hiring someone to stay late...
Anyways, because you asked:
http://rady.ucsd.edu/faculty/directory/gneezy/pub/docs/fine....
"It is true that a ‘‘large enough’’ fee would eventually reduce the behavior. For instance, many day-care centers in the United States clearly announce a fee for coming late at the start of the year, and this fee is large and proportional to the length of the delay. The resulting penalty is more severe for the average delay than the nonlinear fine we introduced in our study, even after adjusting for difference in prices and incomes in the two countries. Casual observation shows that there are few delays, but we have not examined if the average delay is different from the one in our sample. Comparing the two systems would be an interesting research project."
It may could encourage people to contact him more by giving them a form of permission: > To come to our surprising conclusion, Uri ran an experiment: Out of 10 daycare centers across Haifa, they randomly chose six and introduced a small fine for parents who showed up more than 10 minutes late in each of them. In day cares where the fine was introduced, parents immediately started showing up late, with tardiness level…
Imagine if the day-care made the "fine" high enough that they actually want people to show up late. Ie, think credit-card interest rates and late-payment fees. In that case, regardless of whether tardiness goes up-or-down, the daycare would win either way.
Let's compare this to Ben Horowitz' situation. Imagine if it takes him 5 minutes to read and send a cookie-cutter response. That works out to a hourly rate of $240/hour. Even for a VC, that's a pretty damn good hourly rate. If Ben stops getting spammed by people, I think he'd be perfectly happy with that. If he were to get flooded by spammers willing to pay him $500k/year to send cookie-cutter responses, I think he'd be ok with that as well. It's a win-win for him.
Earlier quoted context omitted.
Incentives for behavior modification is always a fascinating area. In this case, the daycare was incentivized to track people being late more closely since they had a financial interest in doing so. I suspect the outcome was somewhere in the middle of more accurate record keeping and introducing the ability for the parents to pay off their guilt.
It also made the behavior socially acceptable. "So many people are late that we introduced a fine" "Oh phew, it's not just me. Everyone's doing it"
It may could encourage people to contact him more by giving them a form of permission: > To come to our surprising conclusion, Uri ran an experiment: Out of 10 daycare centers across Haifa, they randomly chose six and introduced a small fine for parents who showed up more than 10 minutes late in each of them. In day cares where the fine was introduced, parents immediately started showing up late, with tardiness level…
We've seen this come up a lot recently with Tesla's move to fine drivers who "park" at charging stations. Many see this as actually worsening the problem as people are happier to pay the (relatively small) fine.