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417: Dan Ariely | The Hidden Logic That Shapes Our Motivations
The Jordan Harbinger Show
Compensation and Relativity and Comparative Compensation
One of the executive compensation studies, I guess that you'd run these experiments was they experimented with making their compensation totally transparent. What happened instead was everybody got brutally competitive now that they could see each other's salaries and executive compensation ended up going up. Why? Because you're judging hierarchy. You're judging me.
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