What is something everyone in your world agrees about that you think is wrong?
Recorded Elinor Ostrom said elsewhere, not written here
Yes, we're showing that. But we're also showing a very important role for face-to-face or even written communication. So, the prediction was that nobody would self-monitor because that's a second level social dilemma, if you go to Game Theory. But, what we've found is that people will, but it can be … people can escalate into, 'I'll punish you, you punish him, mamamamamma,' and it gets worse and worse. So, with communication, where there's an agreement on what is going to be the … what we are going to do. The 'we' then being well-defined, then people can follow rules, be cooperative and, occasionally, sanction one another to help that continue.

Adam Smith, Telephone interview recorded immediately after the prize announcement, Nobel Prize Outreach, 12 October 2009 source ↗

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Nithin Kamath Co-founder and chief executive of Zerodha
Sleep has to be, by far, the most underrated aspect of good health. I think sleeping less & working more is glorified. Life is like a marathon; if you run too fast and don't pace yourself, you can burn out, and you probably won't be able to finish strong.
Recorded Kamath's own social account, Nithin Kamath's blog, 30 December 2022 source ↗
Óscar Arias Sánchez President of Costa Rica, 1986–1990 and 2006–2010
Seeing the size of the challenge, no wonder many are prey to discouragement; or that apocalyptic prophets abound, announcing the failures of the fight against poverty, proclaiming the immediate fall of the democracies, forecasting the futility of peace-making efforts. I do not share this defeatism. I cannot accept to be realistic means to tolerate misery, violence and hate.
Recorded Oslo City Hall, The Nobel Foundation, 11 December 1987 source ↗
Dan Pallotta Founder of Pallotta TeamWorks; founder of the Charity Defense Council
Now, this ideology gets policed by this one very dangerous question, which is, "What percentage of my donation goes to the cause versus overhead?" There are a lot of problems with this question. I'm going to just focus on two. First, it makes us think that overhead is a negative, that it is somehow not part of the cause. But it absolutely is, especially if it's being used for growth.
Recorded TED2013, 1 March 2013 source ↗
Allyson Felix United States sprinter, 2003–2022
If we have children, we risk pay cuts from our sponsors during pregnancy and afterward. It's one example of a sports industry where the rules are still mostly made for and by men.
Recorded Opinion piece, The New York Times, 22 May 2019 source ↗

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Question How has a failure, or apparent failure, set you up for later success? Do you have a favourite failure? Failure & regret
Yes. Having lived through an era, where I was thinking of going to graduate school and was strongly discouraged because I would never be able to do anything but teach in a city college … Ah ha ha, life has changed!
Recorded Adam Smith, Telephone interview recorded immediately after the prize announcement, Nobel Prize Outreach, 12 October 2009 source ↗
Question What are bad recommendations you hear in your profession or area of expertise? Craft & work
Yes, but not with a formula. So there are many, many efforts now to decentralize and they create a rigid formula and give people rules from on top and say, 'Now it's yours.' And that isn't worked very well either. … And, you think about the variety. If you look at a countryside, think of the variety out there in terms of the ecological variety. Well, if people are going to manage ecological variety, no single set of rules will work in a semi-arid versus a tropical-wet region. They have to be different.
Recorded Adam Smith, Telephone interview recorded immediately after the prize announcement, Nobel Prize Outreach, 12 October 2009 source ↗

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