Researchers at Harvard find creative way to make incentives work

[youtube]http://www.youtube.com/watch?v=u6XAPnuFjJc[/youtube]

Incentives like employee bonus pay, app badges, student grades, and even lunch with President Obama are all the rage. Despite their widespread use, most research finds that incentives are terrible at improving performance in the long-run on anything but mindless rote tasks, because the fixation on prizes clouds our creative thinking. However, a new Harvard study of teachers found that a novel approach to incentive scould dramatically improve student performance: give teachers a reward upfront and threaten to take it away if performance doesn’t actually improve. Exploiting the so-called “loss-aversion” tendency could open the door to creative incentivizing for software designers and managers.

 

 

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People given financial incentives to stay healthy are less likely to be admitted to hospital

hospital

Incentive-based health programs can motivate people to change their behaviour.

Among insurance customers who were rewarded with lower premiums for keeping fit, those who added two gym visits to their weekly routine were 13 per cent less likely to go to hospital.

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Employers Who ‘Overpay’ Workers Outperform Competitors

teacher

The best use of money as a motivator is to pay people enough to take the issue of money off the table, so that people can focus on the work rather than on the cash.

The best use of money as a motivator can be to pay people enough to take the issue off the table.

After more than 200 years of sharing a common language, the United States and Great Britain now share a common predicament.

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Florida Planning World’s First Solar Powered City

Florida Planning World’s First Solar Powered City

Babcock Ranch, Florida 

What better place than the Sunshine State for the world’s first solar-powered city? Called Babcock Ranch, the 17,000-acres-large community will have its energy needs supplied by a $300 million, 75 megawatt solar-powered generator. The city will also integrate a Smart Grid for powering electric vehicles. (Pics)

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