We can tell the number of people going on vacation is steadily increasing by the number of Out of Offices we're getting for various notifications sent out from Inkling sites, so nothing about prediction markets or business today, just a wish to everyone to enjoy the holidays and some downtime over the next couple weeks. We'll leave you with this wonderful video of Andrew Bird making music at Ted:
Thursday, December 23, 2010
Wednesday, December 01, 2010
Monetary incentives don't work for tasks requiring cognitive skills
An excellent video sent to us from Professor Ricardo Valerdi at MIT's Lean Advancement Initiative about a study at MIT funded by the Federal Reserve about the effectiveness of monetary incentives (preview: monetary incentives don't work for any task requiring basic cognitive function.) The video also discusses what they founddoes work to incentivize people to perform knowledge-based tasks.
Bonus - great white board animation technique in the video!
There is also a TED talk:
Bonus - great white board animation technique in the video!
There is also a TED talk:
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