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Ideas from books, articles & podcasts.
Loss aversion refers to the fact that we feel stronger emotions about losing something than we do about gaining the same thing.
For example: If you found $20 on the ground, you'd be pretty happy. But if you had $20 in your wallet and lost it, you'd be really unhappy.
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When we know that our work will make a difference to someone else, it makes us work harder.
Intrinsic motivation is necessary for creative work. We need broad thinking, so we can come up with innovative ideas and see new connections.
The 3 elements required for intrinsic motivation:
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