[…] Dan Pink has made precisely this point. Providing extrinsic, monetary motivations to incentivise good performance on complex tasks does not work. When introducing market processes into arenas like education we are replacing a more effective incentive with a less effective one. The intrinsic incentive to learn and achieve mastery of a subject is a far stronger and productive incentive than a monetary reward is. […]
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[…] Dan Pink has made precisely this point. Providing extrinsic, monetary motivations to incentivise good performance on complex tasks does not work. When introducing market processes into arenas like education we are replacing a more effective incentive with a less effective one. The intrinsic incentive to learn and achieve mastery of a subject is a far stronger and productive incentive than a monetary reward is. […]