Incentive Vs Command

The agent provided images and a text into the listing. The Incentive Offer was available. A few of the images appeared to be out-of-focus, a couple with corner views, and there were kitchen and bathroom cabinets left open.

Championing a cause is a beautiful way for ordinary citizens to be involved in political activism. The modern party activist is more likely to be driven by purposive incentives than ever. This switch away from material and social incentives, driven by an increased awareness of social issues, has allowed party lines to blur in a way that has improved America's political sphere, and has allowed the increased participation of citizens in the democratic process.

Some Robber Barons manipulated the stock

For previous generations the stock market had been for the biggest businessmen and the large-scale speculators. But since mass production and mass prosperity had arrived the question came that why shouldn 't the stock market be open to all the people? Bankers and stockbrokers were both in

The overall problem of incentive misalignment cited above has negative impacts for almost all stakeholders in the healthcare industry. Consumers have become notoriously bad shoppers of healthcare, as they do not bear the real costs of their care or treatments and therefore have no incentive to optimize their healthcare costs. However, even if consumers were to become more shopping savvy, it would ultimately have a very limited impact on such a fragmented and opaque system where reliable and accessible information about relative pricing and outcomes is almost nonexistent. Nor are doctors immune to this incentive misalignment. Regulation and increased litigation around doctor malpractice has cemented an industry obsession with compliance

This book brought out the failures of the Securities and Exchange Commission (SEC) in one of the biggest Ponzi schemes in America’s history, as orchestrated by Bernie Madoff. Harry Markopolos caught up with Madoff’s Ponzi scheme earlier on in his career and saw all the red flags. There was no explanation of the continuous one percent yield in over forty five stocks that Madoff dealt with. Madoff took advantage of the laxity by the SEC officials in failing to follow up complains with an investigation, and the trust

However, I believe that government should have watched those who got involved with unethical and illegal business making and prosecute them to set an example for the future. In the movie, Mark Baum expresses that Ben Bernanke, the former chairman of Central Bank, and many more people knew that the market was going to crash, yet didn`t take any actions up until it happened. Clearly, they should have taken actions to prevent this turmoil, and be prosecuted for their ignorance. Prosecution is a key point to make sure this event doesn`t repeat itself because like Ben Rickert said “Every one percent unemployment goes up, 40 thousand people die!” Clearly, people`s lives should matter more than unethical money

As you know the reason that for CMS and other health care agencies to come up with quality incentive payments (QIP) to enforce compliance and improve quality patient care because of the rising medical costs, staggering patient safety concerns, rampant malpractice. The increasing burden of chronic disease, health insurance fraud and inappropriate pay become a heavy burden that the health care unable to bear financially and it was the impetus for incentive payments. However, some argue that incentive payments are dangerous pernicious because providers may avoid accepting patients with complicated problems and who are simply incompliant of care. Bonis, (2005) stated, ” A potentially even more pernicious outcome of QIPS would occur if providers,

Icahn’s article was published in Wall Street Journal in 2009 with a title “The Economy Need Governance Reform.” In this article, Icahn takes a partially similar direction of argument by blaming the greed and irresponsibility. Icahn aims to propose a more practical argument, he begins by appealing to President’s Obama credibility that we must accept hard choices and take responsibility for incorrect decisions. Icahn implies that it is wrong for the government to “subsidize managers that lead their companies into trouble”. Icahn than uses a slippery slope to support the conclusion that enhanced public companies regulation will enable better control and prevention of risky decisions. The slippery slope is reached when Icahn claims manager to be “irresponsible and self-driven” and that their compensation is overvalued, thus the economy failed… Icahn concludes his argument with the following reason, “this change will empower shareholders to exert more influence on management decisions.” (Icahn

Another ethnography of Wall Street was carried out by the anthropologist Karen Ho, who, like Gillian Tett, gives us a true perspective about the nature of the financial industry and helps suggest important factors about a liberal democracy in contemporary times. In her book, Ho raises certain issues with regards to the culture of finance. The banks high employee liquidity created a culture of job insecurity, often using practices and assumptions in effort to create and increase shareholder value. However, the attempt to appreciate the value was through the means of the derivative market, which became an obvious indicator that their assumptions would lead to an economic crisis. Capitalism is run by Wall Street personalities who have strong,

From the CEOs, the Government, prostitutes, and even Ivy League professors, the movie blamed anyone who had even the slightest role in the financial meltdown. In a more non-fiction type setting, the documentary aimed to exposed the corruption on Wall Street and how the government got involved. The documentary seemed to put blame on the greedy 1% of America. According to the film, people in power stay in power and simply rotate their position in power to other like individuals. So top Wall Street executives rotate to leading government positions and thus continue the cycle of greed and destruction. They generalized everyone on Wall Street to be greedy crooks who use drugs and spend corporate

““The name of the game, moving money from your clients pocket to your pocket”, Mark stated. “But if you can make your clients money at the same time it’s advantageous to everyone, correct?” “No, Mark replied…Okay, first rule of Wall Street-nobody and I don’t care if you are Warren Buffet or Jimmy Buffet- knows if a stock is going up, down or sideways, least of all stock brokers. But we have to pretend we know.”” (8)

Dr Waksal; his father, Jack; his daughter Aliza; and a number of close friends had significant investments in ImClone…Of course, selling his stock and advising his father, daughter, and friends to sell their stock would reduce their loses… Dr. Waksal was faced with a tough decision. On one hand, he could refrain from engaging in questionable trading practice and thereby incur a significant amount of losses in his investment. On the other hand, he could choose to sell his stock based on the information he received, reducing his investment losses, but violating the law and ethics of fair trade. (Carroll & Buchhlotz, 2009, p. 814)

In the wake of the recent financial crisis, many commentators attempted to analyze the roots of the conflict from a political or economic perspective. Anthropologist Karen Ho, a veteran of Wall Street as well as an academic, attempted to understand the reason that Wall Street behaves the way it does in her 2009 anthropological study of American finance entitled Liquidated: An ethnography of Wall Street from a cultural perspective. The central paradox with which Ho begins her book is: " the economy experienced not only record corporate profits and the longest rising stock market ever, but also record downsizings," further concentrating the wealth in America (Ho 2009: 1-2). But how can corporations grow richer as the American public as a whole grows poorer? Corporations no longer view themselves as responsible for taking care of their employees, creating good products, or serving their original mission. Instead, the focus is on generating shareholder wealth (Ho 2009:3). Shareholders, not the larger public, have become the symbolic and real focus of firm strategy. The shareholder "symbolized and 'stood in' for the whole of the corporation and became the sole locus of concern and analysis" during the time Ho conducted her study in the late 1990s and continues to this day (Ho 2009:175)

The goal of financial regulation is to increase efficiency in the market, as well as enhance the market 's ability to absorb shock caused by financial instability. There are many reasons for financial instability, but it can be narrowed down to