Behavioral Economics Upended
In just ten minutes, this video creatively and convincingly demonstrates the utter folly demonstrated by our common modern understanding of compensation and incentives in the workplace. (Thanks to new acquaintance Guillaume Gautherau for the recommendation!) Highlighting research done by economists from MIT, Carnegie Mellon and University of Chicago (hardly bastions of progressive thought), the video debunks the concept that more money makes people work harder. Leveraging the example of Linux, the thesis points to three primary motivations for the best and brightest people of our generation: autonomy, mastery and purpose.
The work is a collaboration between Daniel Pink, renown author and authority on modern workstyle, and RSAnimate, a division of the Royal Society for the encouragement of Arts, Manufactures and Commerce (RSA), a multidisciplinary cradle of enlightenment thinking and a force for social progress in the UK.
Progressives, social entrepreneurs, free-lancers, creatives and anyone else mindful of cultural transformation will find the video a great investment of 10 minutes (and if you haven’t seen the RSAnimate’s unique style, you’re in for a double treat).