Can MONEY ALWAYS MOTIVATE us?This explains the IRRATIONALITY..

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The following self help and motivational insight has been adopted from Dan Ariely’s book Predictably Irrational

“Using money to motivate people can be a double-edged sword. For tasks that require cognitive ability, low to moderate performance-based incentives can help. But when the incentive level is very high, it can command too much attention and thereby distract the person’s mind with thoughts about the reward. This can create stress and ultimately reduce the level of performance.”

Do you FEEL PROUD of your RATIONALITY?I bet you cannot ignore these IRRATIONAL HABITS..

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Adopted from the following great insight shared by Dan Ariely from the book Predictably Irrational

  1. Decoy effect – Introducing a –VE of something , as a decoy , can influence choice/human behavior when that something is pitched against some other option.
  2. Anchor effect – First impression is always the best impression , and can influence all our decisions relative to that impression.
  3. Gravitational pull of FREE – We agree with it or not , all humans have a natural inclination towards something offered for FREE even though that product/service being offered is not something that we desire.

Are MONETARY INCENTIVES not being able to MOTIVATE your EMPLOYEES?Time to INTROSPECT their MOTIVATIONAL needs..

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Adopted from the following great insight shared by Dan Ariely from Predictably Irrational

Using money to motivate people can be a double-edged sword. For tasks that require cognitive ability, low to moderate performance-based incentives can help. But when the incentive level is very high, it can command too much attention and thereby distract the person’s mind with thoughts about the reward. This can create stress and ultimately reduce the level of performance.”

This is the problem of RELATIVITY , which human beings are addicted to

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Adopted from the following great insight shared by Dan Ariely from the book Predictably Irrational

This is the problem of relativity-we look at our decisions in a relative way and compare them locally to the available alternative.”

Know this quirky human psychology often exploited by marketers

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Adopted from the following great insight shared by Dan Ariely from the book Predictably Irrational

People are sometimes willing to sacrifice the pleasure they get from a particular consumption experience in order to project a certain image to others.”

What If all economists had thought like this?

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Adopted from the following great insight shared by Dan Ariely from the book Predictably Irrational

Wouldn’t economics make a lot more sense if it were based on how people actually behave, instead of how they should behave?”

PLACEBO is the other name of how MIND controls BODY

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Adopted from the following great insight shared by Dan Ariely from the book Predictably Irrational

When people think about a placebo such as the royal touch, they usually dismiss it as “just psychology.” But, there is nothing “just” about the power of a placebo, and in reality it represents the amazing way our mind controls our body.”

If you Fail to adhere to these , be prepared for Misery

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Adopted from the following great insight shared by Dan Ariely from the book Predictably Irrational

Resisting temptation and instilling self-control are general human goals, and repeatedly failing to achieve them is a source of much of our misery.”

Quirky HUMAN MOTIVATION at play

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Adopted from the following great insight shared by Dan Ariely from the book Predictably Irrational

People are willing to work free, and they are willing to work for a reasonable wage; but offer them just a small payment and they will walk away.”

This is why our brains are wired for IRRATIONAL DECISION making

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Adopted from the following great insight shared by Dan Ariely from the book Predictably Irrational

Standard economics assumes that we are rational… But, as the results presented in this book (and others) show, we are far less rational in our decision making… Our irrational behaviors are neither random nor senseless- they are systematic and predictable. We all make the same types of mistakes over and over, because of he basic wiring of our brains.”