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Monday, 16 May 2011

Is Money a Lousy Motivator?

Here's something to think about. 

Besides the cute animation, Dan Pink (the originator) says that more money actually decreases performance for cognitive tasks. Essentially, he says that money is the wrong kind of motivator. Instead, people want purpose, self-mastery and autonomy! 

Which explains in part why we write these blogs for example, or why people do stuff like learn new languages (which seem to find no immediate usage in their lives). It's for the satisfaction! 

Is it true? And can such ideas be profitable for investors?

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