Tag Archives: incentives

What makes people tick at work? — [VIDEO]

Daniel Pink:

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The ‘carrot and stick’ approach has been oversold. — [VIDEO]

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We have become a nation of beggars. — [VIDEO]

Today’s society doesn’t value hard work and innovation.

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Ian Ayres: Unlocking the power of incentives — [VIDEO]

Ian Ayres on carrots and sticks:

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Dan Pink on motivation – Money (for mechanical tasks) – Autonomy, Mastery, Purpose (for cognitive tasks) – [VIDEO]

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Prizes – [VIDEO]

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Money does not motivate humans… – [VIDEO]

Higher incentives lead to worse performances: For cognitive tasks: AUTONOMY + MASTERY + PURPOSE.

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You state that your book is based on one fundamental assumption about human nature: people respond to incentives. Which is another way of saying that people are basically selfish. Take someone like Jesus Christ. What was his “incentive” to go on the cross?

“Jesus probably didn’t know much about macroeconomics, even though he was God.”

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McKinsey on the X Prizes

“Well designed prizes carry a strong element of theater that makes them newsworthy and media friendly. This messaging and brand-building potential is attractive to corporations looking to burnish their image or wealthy donors seeking to signal their arrival.” PDF file … Continue reading

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Positives for prediction markets

Satyajit Das, in his 2006 book: Dealers on exchanges charge clients a fixed commission to trade; the cartel of dealers means that clients have no choice other than to deal through them. The dealers are fierce advocates of competition except … Continue reading

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