¡°List is far too thoughtful to write something gimmicky or simple. . . . An entertaining and clear writer. His book is chock-full of compelling stories of businesses that failed and others that went big.¡±¡ªThe Wall Street Journal
¡°Skillfully done . . . Careful, comprehensive, and fun, The Voltage Effect excels in turning a seemingly boring niche topic into a fascinating book that¡¯s relevant to all, from CEOs and policymakers to naturally curious people with a taste for learning how economics shapes our lives in the real world.¡±¡ªZME Science
¡°If you¡¯ve ever wondered why so many promising solutions fail to achieve their desired impact, look no further. . . . A master class in how the quirks of human irrationality can make or break our ideas in the real world.¡±¡ªSteven D. Levitt, professor of economics, University of Chicago, and co-author of Freakonomics
¡°Brilliant, practical, and grounded in the very latest research, this is by far the best book I¡¯ve ever read on the how and why of scaling. If you care about changing the world, or just want to make better decisions in your own life, The Voltage Effect is for you.¡±¡ªAngela Duckworth, CEO of Character Lab and New York Times bestselling author of Grit
¡°How many books are funny and wise, practical and profound? John List is a scientist, but he¡¯s also a magician, and he¡¯s changing the world. The Voltage Effect shows how. This is one of the best economics books I have ever read¡ªand an instant classic in behavioral economics.¡±¡ªCass R. Sunstein, Robert Walmsley University Professor, Harvard University, and New York Times bestselling co-author of Nudge
¡°The Voltage Effect is the tool kit for the ambitious. Packed with proven principles and pro tips made real through behind-the-scenes stories in settings ranging from Silicon Valley to African NGOs, it fills the gap between startup books and management books to show how any idea can achieve its full potential.¡±¡ªScott Cook, co-founder of Intuit
¡°A must-read . . . Ideas from the ivory tower or Davos fail often¡ªand fail badly¡ªbecause they do not recognize the deeply political and historical nature of the problems they are meant to deal with or the social realities in which these problems are embedded. This thought-provoking and engaging book proposes an original framework for thinking about how good policy proposals can be applied at a scale large enough to do social good, and for avoiding predictable mistakes that prevent such scaling.¡±¡ªDaron Acemoglu, professor at MIT and co-author of Why Nations Fail and The Narrow Corridor
¡°John List¡¯s work in field experiments is revolutionary.¡±¡ªGary Becker, professor of economics and sociology, University of Chicago, Nobel Prize for Economics
Chapter Page
Introduction 3
Part 1 Can Your Idea Scale?
1. Dupers and False Positives 21
2. Know Your Audience 45
3. Is It the Chef or the Ingredients? 69
4. Spillovers 89
5. The Cost Trap 107
Part 2 Four Secrets to High-Voltage Scaling
6. Incentives That Scale 131
7. Revolution on the Margins 159
8. Quitting Is for Winners 183
9. Scaling Culture 201
Conclusion 229
Acknowledgments 235
Notes 239
Index 257