Makes sense. Not just because our system is shit, but also because money is only up to a point a motivator for ‘more intelligent’ people and overall doesn’t matter as much as intrinsic motivation.
There are a couple of studies on this:
Bénabou & Tirole (2003) – Shows how external incentives (including money) can undermine intrinsic motivation, especially in cognitively demanding tasks.
DOI: https://doi.org/10.1111/1467-937X.00253
Cerasoli, Nicklin & Ford (2014) – A 40‑year meta‑analysis demonstrating that intrinsic motivation is a stronger predictor of performance quality than monetary incentives, which mainly increase quantity.
DOI: https://doi.org/10.1037/a0035661
Morris et al. (2022) – A comprehensive review of the neurocognitive basis of intrinsic vs. extrinsic motivation, showing that intrinsic motivation is tied to cognitive engagement and autonomy.
DOI: https://doi.org/10.1017/S0033291722001611
Kreps (1997) – Explains how economic incentives interact with social norms and why money often fails to motivate when intrinsic or normative drivers dominate. https://www.jstor.org/stable/2950946
Big thanks to 🫵. I love getting a collection of PDFs like these, feeding them into NotebookLM (made by Google unfortunately), and have it generate a 30-minute audio sumnary in podcast format. It fills an important vacuum for wannabe nerds that have problems reading visually. 🤙
Makes sense. Not just because our system is shit, but also because money is only up to a point a motivator for ‘more intelligent’ people and overall doesn’t matter as much as intrinsic motivation.
There are a couple of studies on this:
Bénabou & Tirole (2003) – Shows how external incentives (including money) can undermine intrinsic motivation, especially in cognitively demanding tasks.
DOI: https://doi.org/10.1111/1467-937X.00253
Cerasoli, Nicklin & Ford (2014) – A 40‑year meta‑analysis demonstrating that intrinsic motivation is a stronger predictor of performance quality than monetary incentives, which mainly increase quantity.
DOI: https://doi.org/10.1037/a0035661
Morris et al. (2022) – A comprehensive review of the neurocognitive basis of intrinsic vs. extrinsic motivation, showing that intrinsic motivation is tied to cognitive engagement and autonomy.
DOI: https://doi.org/10.1017/S0033291722001611
Kreps (1997) – Explains how economic incentives interact with social norms and why money often fails to motivate when intrinsic or normative drivers dominate.
https://www.jstor.org/stable/2950946
Big thanks to 🫵. I love getting a collection of PDFs like these, feeding them into NotebookLM (made by Google unfortunately), and have it generate a 30-minute audio sumnary in podcast format. It fills an important vacuum for wannabe nerds that have problems reading visually. 🤙