💸 𝐏𝐚𝐲 𝐄𝐧𝐨𝐮𝐠𝐡 𝐨𝐫 𝐃𝐨𝐧'𝐭 𝐏𝐚𝐲 𝐚𝐭 𝐀𝐥𝐥 💸
Economists believe money improves performance. Psychologists argue that it's detrimental to performance. 🤔
In this classic paper, Gneezy & Rustichini show:
💰 Paid enough = better performance
💸 Paid little = worse performance than paying nothing.
Economists believe money improves performance. Psychologists argue that it's detrimental to performance. 🤔
In this classic paper, Gneezy & Rustichini show:
💰 Paid enough = better performance
💸 Paid little = worse performance than paying nothing.
Comments
- Small financial rewards have no effect. That's wasted money.
- When the offered amount is increased, behavior changes, although only marginally.
Hence, money is not always the best motivator.
With @sebjilke.bsky.social in @pareview.bsky.social