Avoiding Over-Reliance on Financial Incentives: Money as a sole motivator can backfire, decreasing intrinsic motivation over time.
DAN ARIELY
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Money doesn't always motivate
We may think of money as a great motivator, but it is a very poor one.
Money is a good motivator only for boring jobs. For creativity or problem-solving activities, money reduces our natural motivation.
The self-determination theory
This theory is not focused on how human motivation can be controlled and manipulated from without, but how it is functionally designed and experienced from within.
Intrinsic motivation is when we are more motivated to pursue actions when it emanates from the self.
Who proposed the concepts of intrinsic and extrinsic motivation?
Self-determination theory (SDT) among the most widely accepted theories of human motivation and flourishing. It has emerged as the leading psychological approach for understanding how intrinsic and extrinsic motivation work on the humans. As part of their theory, intrinsic motiva...
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