View stunning SlideShares in full-screen with the new iOS app!Introducing SlideShare for AndroidExplore all your favorite topics in the SlideShare appGet the SlideShare app to Save for Later — even offline
View stunning SlideShares in full-screen with the new Android app!View stunning SlideShares in full-screen with the new iOS app!
Incentives Definition: something that makes a person try or work hard or harder Incentives influence people’s behavior 3
Essential question: How do incentives influence behavior? 4
Incentives influence behavior by: A positive incentive is a reward or other inticement that ENCOURAGES a behavior Ex. prizes, wages A negative incentive is a penalty that DISCOURAGES behavior Ex. library fine, parking ticket 5
Essential question: How do consumers, producers, workers, savers, investors & citizens respond to incentives? 6
Value and/or lower price is an incentive for consumer 7