How do monetary incentives compare to intrinsic motivation?
An example of an AI chatbot conversation about comparing monetary incentives and intrinsic motivation.
How do monetary incentives compare to intrinsic motivation?
Monetary incentives can drive short-term performance, but intrinsic motivation often leads to greater long-term satisfaction and creativity.
Can you give examples of situations where one is better than the other?
Sure! In sales, monetary incentives can boost immediate results, while in creative fields, intrinsic motivation fosters innovation.
What are the psychological effects of relying on monetary incentives?
Relying on monetary incentives can lead to decreased intrinsic motivation and may create a transactional mindset.
Are there any studies that support these claims?
Yes, numerous studies show that while monetary rewards can enhance performance, they may undermine intrinsic motivation over time.
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