Chapter
The Psychology of Money and Work Motivations
03:58 - 08:08 (04:09)
The speaker discusses the different perspectives of why people go to work, either to earn money or for fulfillment, and how to find a balance between the two to improve overall job satisfaction.
Clips
Incentives are often seen as a formulaic concept in economics, but what is often missed is the fact that incentives send a signal and create a feedback loop based on the story behind them.
03:58 - 06:33 (02:34)
Economics
Summary
Incentives are often seen as a formulaic concept in economics, but what is often missed is the fact that incentives send a signal and create a feedback loop based on the story behind them.
ChapterThe Psychology of Money and Work Motivations
Episode#609 - Uri Gneezy - How To Understand Psychological Incentives
PodcastModern Wisdom
The desire for money and the desire for personal fulfillment are the two main motivations for going to work.
06:34 - 08:08 (01:33)
Motivation
Summary
The desire for money and the desire for personal fulfillment are the two main motivations for going to work. The key is to find a way to make the payments that actually lead to personal satisfaction and a sense of purpose.