The Role of Rewards in Motivation

Description

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Summary

In this episode, Andrew and his wife discuss the concept of intrinsic and extrinsic motivation. They explore how rewards can both motivate and demotivate individuals, and how to strike a balance between the two. They also touch on the idea of automating tasks and developing intrinsic motivation through extrinsic rewards. Overall, they emphasize the importance of understanding what motivates oneself and others in order to achieve personal and professional goals.

Keywords

intrinsic motivation, extrinsic motivation, rewards, automating tasks, personal development

Takeaways

Intrinsic motivation refers to doing something for the sake of enjoyment and personal satisfaction, while extrinsic motivation involves doing something for external rewards or incentives.
Rewards can be both motivating and demotivating, depending on how they are used. It is important to strike a balance between intrinsic and extrinsic motivation.
Automating tasks and developing intrinsic motivation can be facilitated through the use of extrinsic rewards, but it is crucial to gradually fade out the rewards to maintain intrinsic motivation.
Understanding what motivates oneself and others is essential for personal and professional growth and success.

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