Motivating Employees With Cash or Gifts?

May 25, 2008 BY danariely

Imagine that you worked for me, and as your year-end bonus, I offered you a choice between $1,000 in cash or an all expense paid weekend in the Bahamas, also worth $1,000.

Which option would you chose? (more…)


April 29, 2008 BY danariely

Not sure if this is worth a post but I am turning 41 today.

I did have one observation related to birthday practices. A few days ago I got a gift in the mail from Jim Levine and on it in big letters was a warning not to open it before today. I did not.

The interesting thing was that I was very happy to get the gift a few days ago and I was happy again today to open it and realize what a nice gift it is. In fact I expect that this approach almost doubled my overall happiness. (more…)