Research and development (R&D) is creative work undertaken on a systematic basis to increase the stock of knowledge and use of this stock of knowledge for the purpose of discovering or developing new products, including improved versions or qualities of existing products, or discovering or developing new or more efficient processes of production”.
2. A lovely explanation of intrinsic and extrinsic motivation from Alex Tabbarrok.
that focuses on the idea that an incentive scheme does not clash with intrinsic motivation, but gives information about the task to the person presented with it.
Although not central to his work, one of my favorite papers of today’s Nobel prize winner, Jean Tirole, is Extrinsic and Intrinsic Motivation (written with Roland Benabou). In this paper, Tirole and Benabou try to resolve the economist’s intuition that incentives motivate with the idea from psychology that incentive schemes can sometimes demotivate. The psychologists argue that extrinsic motivation can reduce intrinsic motivation (but they are not at all clear on why this should be the case). Tirole and Benabou try to produce a similar finding by arguing that in addition to providing motivation an incentive scheme gives the agent, the one being incentivized, some information and the information may undermine the motivation. - See more at: http://marginalrevolution.com/marginalrevolution/2014/10/jean-tirole-and-intrinsic-and-extrinsic-motiviation.html#sthash.Pq6RExe2.dpufAlthough not central to his work, one of my favorite papers of today’s Nobel prize winner, Jean Tirole, is Extrinsic and Intrinsic Motivation (written with Roland Benabou). In this paper, Tirole and Benabou try to resolve the economist’s intuition that incentives motivate with the idea from psychology that incentive schemes can sometimes demotivate. The psychologists argue that extrinsic motivation can reduce intrinsic motivation (but they are not at all clear on why this should be the case). Tirole and Benabou try to produce a similar finding by arguing that in addition to providing motivation an incentive scheme gives the agent, the one being incentivized, some information and the information may undermine the motivation. - See more at: http://marginalrevolution.com/marginalrevolution/2014/10/jean-tirole-and-intrinsic-and-extrinsic-motiviation.html#sthash.Pq6RExe2.dpuf
Although not central to his work, one of my favorite papers of today’s Nobel prize winner, Jean Tirole, is Extrinsic and Intrinsic Motivation
(written with Roland Benabou). In this paper, Tirole and Benabou try to
resolve the economist’s intuition that incentives motivate with the
idea from psychology that incentive schemes can sometimes demotivate.
The psychologists argue that extrinsic motivation can reduce intrinsic
motivation (but they are not at all clear on why this should be the
case). Tirole and Benabou try to produce a similar finding by arguing
that in addition to providing motivation an incentive scheme gives the
agent, the one being incentivized, some information and the information
may undermine the motivation. - See more at:
http://marginalrevolution.com/marginalrevolution/2014/10/jean-tirole-and-intrinsic-and-extrinsic-motiviation.html#sthash.Pq6RExe2.dpuf
Although not central to his work, one of my favorite papers of today’s Nobel prize winner, Jean Tirole, is Extrinsic and Intrinsic Motivation (written with Roland Benabou). In this paper, Tirole and Benabou try to resolve the economist’s intuition that incentives motivate with the idea from psychology that incentive schemes can sometimes demotivate. The psychologists argue that extrinsic motivation can reduce intrinsic motivation (but they are not at all clear on why this should be the case). Tirole and Benabou try to produce a similar finding by arguing that in addition to providing motivation an incentive scheme gives the agent, the one being incentivized, some information and the information may undermine the motivation. - See more at: http://marginalrevolution.com/marginalrevolution/2014/10/jean-tirole-and-intrinsic-and-extrinsic-motiviation.html#sthash.Pq6RExe2.dpufAlthough not central to his work, one of my favorite papers of today’s Nobel prize winner, Jean Tirole, is Extrinsic and Intrinsic Motivation (written with Roland Benabou). In this paper, Tirole and Benabou try to resolve the economist’s intuition that incentives motivate with the idea from psychology that incentive schemes can sometimes demotivate. The psychologists argue that extrinsic motivation can reduce intrinsic motivation (but they are not at all clear on why this should be the case). Tirole and Benabou try to produce a similar finding by arguing that in addition to providing motivation an incentive scheme gives the agent, the one being incentivized, some information and the information may undermine the motivation. - See more at: http://marginalrevolution.com/marginalrevolution/2014/10/jean-tirole-and-intrinsic-and-extrinsic-motiviation.html#sthash.Pq6RExe2.dpuf
