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Skin in the Game Psychology
- Skin in the game increases commitment and value perception through the endowment effect.
- Ownership creates risk perception, enhancing personal investment and effort.
Churchill's Engagement Tactics
- Churchill visited prisons and war trenches to experience situations firsthand.
- His involvement improved policies and army supplies, boosting his popularity and leadership.
The Labour Illusion Effect
- Visible effort increases the value others place on work through the labour illusion.
- Observing effort can boost perceived quality even if outcomes are identical.