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.”
Tag: Predictably Irrational
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This is when we procrastinate
Adopted from the following great insight shared by Dan Ariely from the book Predictably Irrational
“Giving up on our long-term goals for immediate gratification, my friends, is procrastination.”
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This is why MONEY and MOTIVATION do not necessarily go hand in hand
Adopted from the following great saying of Dan Ariely from his book Predictably Irrational..
“To summarize, 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”
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What should be the MODERN DAY DEFINITION of LABOR?
Inspired from the following saying of Dan Ariely from his book Predictably Irrational, throws light on the modern day definition of labor.
When we think about labor, we usually think about motivation and payment as the same thing, but the reality is that we should probably add all kinds of things to it – meaning, creation, challenges, ownership, identity, pride, etc.
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Negative effects of Division of Labor
Adopted from the following great saying of Dan Ariely from his book Predictably Irrational..
“…[D]ivision of labor, in my mind, is one of the dangers of work-based technology. Modern IT infrastructure allows us to break projects into very small, discrete parts and assign each person to do only one of the many parts. In so doing, companies run the risk of taking away employees’ sense of the big picture, purpose, and sense of completion.”
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This is Motivation 3.0 in action
Motivation 3.0 a term coined by Daniel Pink in his book Drive is based on intrinsic motivation.Accordingly to him for work that need creativity and innovation money can lead to opposite results when it comes to motivation since the overarching purpose of doing something larger than life is what motivates these individuals more than money.Think about open source software e.g. Linux , Apache and their prominence in the modern day..
Dan Ariely in his book Predictably Irrational zeros in on the same aspect with the example of Intel as follows..
In total, by giving people $30 bonus, Intel lost almost 5 percent of productivity. That’s a lot. Now, think about it. You give money because you think this would increase motivation. It actually decreases motivation.
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Every brand communicates these TWO things
Adopted from the following great saying of Dan Ariely from his book Predictably Irrational..
“Brands communicate in two directions: they help us tell other people something about ourselves, but they also help us form ideas about who we are.”
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This is what happens when we live our lives for the service of others
Adopted from the great saying of Dan Ariely from his book Predictably Irrational , shows the positive effects of living our lives for the service of others..
“The things that motivate us are to help other people, to feel that we’re useful, to feel that we’re getting better, to feel that we are kind of living to our potential, to get a sense of meaning. All of those things are positive.”
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Our behavior when we “Own an Idea”
Adopted from the following great saying of Dan Ariely from Predictably Irrational exposes a quirk in human psychology..
“Ownership is not limited to material things. It can also apply to points of view. Once we take ownership of an idea – whether it’s about politics or sports – what do we do? We love it perhaps more than we should. We prize it more than it is worth. And most frequently, we have trouble letting go of it because we can’t stand the idea of its loss. What are we left with then? An ideology – rigid and unyielding.”
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We are all prone to telling lies to ourselves
Adopted from the following great insight shared by Dan Ariely in his book Predictably Irrational shows that psychologically all human beings are prone to lie to ourselves in order to feel better..
We all want explanations for why we behave as we do and for the ways the world around us functions. Even when our feeble explanations have little to do with reality. We’re storytelling creatures by nature, and we tell ourselves story after story until we come up with an explanation that we like and that sounds reasonable enough to believe. And when the story portrays us in a more glowing and positive light, so much the better.