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This morning I listened to the Freakonomics podcast from July 18th about “Why we choke”. About 22 minutes in, a researcher is discussing a study he did where
by azhenley 8y ago
This morning I listened to the Freakonomics podcast from July 18th about “Why we choke”.
About 22 minutes in, a researcher is discussing a study he did where they paid participants a months wage for a single task to see if they would perform better. They didn’t. They actually performed worse! A follow up study at MIT found this to be particularly true for cognitive tasks.
Would this apply to a job over time instead of a single task? Probably not, but I’m also not convinced that salary will increase productivity after some relatively low amount.
- analog31 8y agoI think there's "productivity" from two standpoints. In the worker's eyes, she's more productive if she's paid more, by definition. In the employer's eyes, she's more productive if she produces more for the company, by definition. A classic "efficient" market should close any gaps between these two definition, but it doesn't work perfectly in practice.