I think this implementation would work at least as well as state of the art modern management techniques do. It's a decent idea.
I've daydreamed about something similar. Not sure whether it would be better or worse, but my implementation would limit the amount each person can give, per month. I also struggled with the idea of making it a token economy. Thoughts?
I think the token economy thing is a good idea. You could also do a market approach of rewarding people who pick the top performers, but that gets really tricky.
That's an interesting looking book. I'm familiar with the whole intrinsic/extrinsic motivation arguments. I guess it depends on the definition of "work". In this case the economy would be intended as a measurement tool more than a motivational tool. However, I suppose you could still make a case that it would become demotivational, which would be at cross purposes.
Comments
I think this implementation would work at least as well as state of the art modern management techniques do. It's a decent idea.
I've daydreamed about something similar. Not sure whether it would be better or worse, but my implementation would limit the amount each person can give, per month. I also struggled with the idea of making it a token economy. Thoughts?
I think the token economy thing is a good idea. You could also do a market approach of rewarding people who pick the top performers, but that gets really tricky.
All the research on token economies shows they don't work, at least according to Punished by Rewards.
That's an interesting looking book. I'm familiar with the whole intrinsic/extrinsic motivation arguments. I guess it depends on the definition of "work". In this case the economy would be intended as a measurement tool more than a motivational tool. However, I suppose you could still make a case that it would become demotivational, which would be at cross purposes.
Tell folks that you're setting up a "bet your job" project and you'd like to know who else they want on the team.