This is a good summary of incentives, thank you for making it. I would like to ask about the studies on extrinsic incentives which were mentioned around 6:20. The narrator said, "As soon as the task involves some form of cognitive skill, creative skills, or conceptual capabilities, extrinsic incentives were no longer effective and actually led to a poorer performance." What are these studies? If this is true, extrinsic incentives seem to guarantee mediocrity in pretty much anything.
This is a good summary of incentives, thank you for making it.
I would like to ask about the studies on extrinsic incentives which were mentioned around 6:20. The narrator said, "As soon as the task involves some form of cognitive skill, creative skills, or conceptual capabilities, extrinsic incentives were no longer effective and actually led to a poorer performance."
What are these studies? If this is true, extrinsic incentives seem to guarantee mediocrity in pretty much anything.
+Abraham Callahan These studies were done at MIT. This video explains them in more depth: th-cam.com/video/u6XAPnuFjJc/w-d-xo.html
good job .. thank you :)
lottery. Bad car drives get a fee, that fee is then pooled and won by a good driver. Don't fight the bad, use the bad to power the good.