The researchers found that the volunteers who had been primed with the money-related words worked on the task for longer before asking for help. In a related experiment, people in the money-word group were also significantly less likely to help a fellow student who asked for assistance than were people in the group primed with non-money words (Science, vol 314, p 1154).These findings have interesting implications for the structure of invention workshops. To encourage cooperation, the first phase - problem space exploration - has to be done without mentioning any monetary consequences of the work. Then, the second phase - problem solving - has to be preceded by an evaluation session, which not only separates high quality problems from background noise, but also primes participants to apply their best effort.
I use this blog to gather information and thoughts about invention and innovation, the subjects I've been teaching at Stanford University Continuing Studies Program since 2005. The current course is Principles of Invention and Innovation (Summer '17). Our book "Scalable Innovation" is now available on Amazon http://www.amazon.com/Scalable-Innovation-Inventors-Entrepreneurs-Professionals/dp/1466590971/
Thursday, March 19, 2009
The money effect
According to Kathleen Vohs and colleagues, University of Minnesota, Minneapolis:
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1 comment:
This is interesting. I wonder what effect this has on the culture and innovation within companies that focus on money as a business. My experience with Morgan Stanley would be in line with what you might extrapolate from this study.
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