Bengt Holmström on incentives and transparency

Today’s guest is Bengt Holmström. Bengt is Finnish, but he’s spent the last 40 years living in the US. Currently he’s a professor of economics at MIT.

Bengt was recently awarded the Nobel prize in economic sciences together with his Harvard colleague Oliver Hart for their contribution to contract theory.

Essentially, Bengt has spent decades studying incentives and trying to figure out how to design better incentive structures. This has been a recurring theme on the podcast so I’m sure you can appreciate how excited I am to have Bengt on as a guest.

We talk about what it feels like to win the Nobel prize, incentives (obviously), and how transparency isn’t necessarily always a good thing.

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