Totally share-worthy talk at TED: Dan Pink on the surprising science of motivation.
Bottom line: Rewards don't work for problems where thinking out of the box is part of the solution. Science knows it, but apparently business managers don't. Doing it for money does not get the job done faster, except for very straight-forward tasks.
Mr. Pink is basically saying that when complex tasks needs to be solved, don't set monetary incentives. Sounds very much like grad-school to me.
5 hours ago in The Phytophactor