New paradigm incentives and motivation study

This is a really interesting study showing monetary incentives don't actually work the way "we" ( economists/psychologists and sociologists anyway )usually assume all the time.When the tasks are rote mechanical tasks the more you pay the better the results; When the tasks involve creativity and cognitive skills the results don't play out the same ... Just interesting and nicely presented

So basically, when we feel like doing something, we do it. But if there is a risk that someone else will get a better thing than us, we don't really feel like doing that...

That is definitely psychology 101.

Entertaining video by the way. Sat through the whole ~11 minutes