S2 E14: Temporal Discounting
from Food 4 Thought Podcast Hosted by David Klaasen
Humans are hard-wired for taking advantage of immediate rewards as a survival strategy. This means that we feel rewards in the future are less valuable than the prospect of immediate gratification. Neuroscientists call this Temporal Discounting. As leaders and managers, it is important to understand how this bias can affect motivation or take appropriate action now to avoid danger in the future. Watch this video and discover what you need to do to increase motivation and avoid complacency in just 150 Seconds-seconds! Food for Thought: ❓Are you making assumptions that a future reward is motivating your team? ❓What future dangers or potential problems are being neglected by your team? I look forward to seeing your thoughts and comments about this bias. #Leadership #Biases #Communication #Motivation #Talent4performance
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