Title: How Money Can Change People and Affect Their Behavior
Headings: How Money Can Change People and Affect Their Behavior
How Money Can Change People and Affect Their Behavior
Ways Money Affects Behavior
1. Social and Business Value
2. Self-Sufficiency and Service
3. Self-View
4. Ethics
5. Addiction
Final Word

Content: After timing the subjects, it was actually the group asked to perform the task as a favor that did it the fastest. Next was the $5 group, and last was the $0.50 group. Heyman and Ariely surmised that there are two motivations for completing a given task. The first is social. By recognizing a task’s social value, we see it as a worthy investment of time and a part of our social duty, and we are usually happy to help out. When money is offered as the motivation, however, we then start thinking less of the social aspect and more about the business value. Therefore, we measure our time against the monetary reward, which may be why the $0.50 group was the slowest – they simply thought their time and effort were worth more money. It’s clear to see that money can be a motivator when it comes to determining value. While doing something for free as a favor has a positive connotation, that part of the brain is effectively turned off when money is introduced. This could have serious repercussions in your work life.