External Rewards - Deepstash

Bite-sized knowledge

to upgrade

your career

Ideas from books, articles & podcasts.

External Rewards

Rewards usually offer a short-term boost. But the effect wears off, and the negative consequence of them remain: they reduce a person’s longer-term motivation to continue the project.

When money is used as an external reward for some activity, the subjects lose intrinsic interest for the activity.

STASHED IN:

3.04K

created an idea from a book:

MORE IDEAS FROM THE SAME BOOK

It means having a choice in what you do and being-self driven.

Purpose leverage the human desire of being part of something bigger .

  • Autonomy: this is the desire to direct our own lives
  • Mastery: this is the impulse to get better and better at something that matters
  • Purpose: this is the longing to do what we do in the service of something larger than our...

  1. Motivation 1.0 - The survival instict: In this situation, the primary things that keep us alive (food, water, shelter) control our actions.
  2. Motivation 2.0 - The stick and the carrot: This system assume workers will have no desire to work unless the...

  • Extrinsic motivation. Extrinsic motivators (a raise, a promotion, a bonus) do work they are usually doing so in the short-term only. If the motivator is taken away, the behavior stops.
  • Intrinsic motivation. It is the desire to do s...

  • They can extinguish intrinsic motivation.
  • They can diminish performance.
  • They can crush creativity.
  • They can crowd out good behavior.
  • They can encourage cheating, shortcuts, and u...

The assumption of Mastery is that people wish to get better at what they do as long as they care about it.

  • Type X (Extrinsic): They are driven by external factors such as fame, status, money etc. They can often be highly successful but also troubled by an insatiable appetite for MORE.
  • Type I (Intrinsic): Their motivation comes from within – to accomplis...

883 Reactions

3 Comments

It's time to

READ

LIKE

A PRO!

Jump-start your

reading habits

, gather your

knowledge

,

remember what you read

and stay ahead of the crowd!

Takes just 5 minutes a day.


TRY THE DEEPSTASH APP

+2M Installs

4.7 App Score