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I'm familiar with the effectiveness of monetary incentives, and I've often wondered if I should use it on myself. For instance, should I sign up for a hosting s
by hrabago 18y ago
I'm familiar with the effectiveness of monetary incentives, and I've often wondered if I should use it on myself. For instance, should I sign up for a hosting service even though I don't have anything to launch right away? That would give me the incentive to (a) get done, and (b) not wait until everything is perfect before launching.
- dpapathanasiou 18y agoIf your hosting bill is small relative to your income/savings, the financial incentive may not be as strong a motivator as you think. I noticed the article cited cases where the people worked together or had some other social contact. I wonder if the real motivator is not so much money as peer pressure or "social proof" (as Robert B. Cialdini might say).
- rjprins 18y agoThis isn't actually about money, that was the reporters conclusion. The real incentive is the social pressure. It's a challenge to perform better than your mates.