August 10th, 2012 at 12:56PM
So humans are better incentivized by loss aversion — for example, giving bonuses upfront and threatening to take them away if performance doesn’t improve as expected. This works way better than offering a bonus after the fact. http://techcrunch.com/2012/08/10/harvard-researchers-find-a-creative-way-to-make-incentives-work/?utm_medium=referral&utm_source=pulsenews How to incorporate…

So humans are better incentivized by loss aversion — for example, giving bonuses upfront and threatening to take them away if performance doesn’t improve as expected. This works way better than offering a bonus after the fact.

http://techcrunch.com/2012/08/10/harvard-researchers-find-a-creative-way-to-make-incentives-work/?utm_medium=referral&utm_source=pulsenews

How to incorporate…

  1. blakemaston said: seriously dude take social psych with klein. even if you cant get in just sit in the class… i’ll give you my textbook its all about this shit.
  2. phraznikov posted this
2 notes #incentives#motivation#bonuses#rewards#loss aversion#risk#reward#endowment effect#psychology#brains#humans#behavior
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