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RobBensinger comments on Inadequacy and Modesty - Effective Altruism Forum

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Comment author: RobBensinger 29 October 2017 05:29:15PM *  0 points [-]

Non-financial incentives clearly play a major role both in dysfunctional systems and in well-functioning ones. A lot of those incentives are harder to observe and quantify, though; and I'd expect them to vary more interpersonally, and to be harder to intervene on in cases like the Bank of Japan.

It isn't so surprising if (say) key decisionmakers at the Bank of Japan cared more about winning the esteem of particular friends and colleagues at dinner parties, than about the social pressure from other people to change course; or if they cared more about their commitment to a certain ideology or self-image; or any number of other small day-to-day factors. Whereas it would be genuinely surprising if those commonplace small factors were able to outweigh a large financial incentive.