H/tip Barry Ritholtz at The Big Picture
This lively RSA Animate, adapted from Dan Pink’s talk at the RSA, illustrates the hidden truths behind what really motivates us at home and in the workplace. (www.theRSA.org)
Barry: "Oh, and it essentially guts traditional economic thinking — at least when it comes to issues such as “incentives work” (only sometimes, for some tasks) and that we are profit maximizers (not really)."
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"When they say it’s not about the money, It’s about the money".
The conclusion that it’s not about the money is a nice palliative for those who don’t earn in the millions but then I’d like next for the researchers to do a focused study on the denizens of Wall Street who had Hank Paulson steal a trillion dollars from the taxpayers to pay out a trillion dollars in bonuses and then tell us it’s not about the money.