When paying for performance doesn't work
Research on how high incentives affect cognitive biases (or not)
|Leon Lin||Aug 12, 2020||5|
Getting paid more increases effort but not necessarily performance
Does performance change with incentives?
Imagine you had to solve a math problem. Do you think your performance would be better if you got a $10 reward for solving it? What about a $1,000 reward?
We like to think that getting more money better incentives us, leading us to put in mor…