FranklinCovey On Leadership with Scott Miller Dan Ariely: Redirecting Misbelief
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Jan 3, 2025 
Dan Ariely, a Duke University professor and a renowned expert in behavioral economics, shares captivating insights on the necessity of building trust within organizations. He reveals how employee appreciation and psychological safety can significantly enhance a company's stock performance. Ariely also explores why rational people often succumb to irrational beliefs, especially during crises, and discusses the rise of misinformation. His call for dialogue and intellectual humility highlights the importance of a proactive approach to navigating today's complex societal truths.
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Origin of Ariely's Research
- Dan Ariely's distinct half-beard resulted from severe burns covering much of his body.
- This experience ignited his interest in understanding and improving the human condition.
Intrinsic vs. Extrinsic Motivation
- Intrinsic motivators like appreciation and fairness strongly predict stock market return, not extrinsic ones like salary.
- However, perceived fairness in salary and promotions does matter significantly.
Bureaucracy Kills Innovation
- Bureaucracy inadvertently signals distrust in employees, hindering innovation and intrinsic motivation.
- It encourages adherence to established procedures over creative problem-solving.
