EC6

Question 1

Target ratchening

Answer 1

using information about past performance to set targets for next periods

Question 2

Ratchet effect:

Answer 2

the strategic response by the agent to restrict output/performance in the current period to receive more attainable future targets to maximize long-term payoffs

Question 3

Implicit agreement

Answer 3

voluntary and self-enforcing long term agreements made between two parties regarding the future (aldus google)

Question 4

Crowing out effect

Answer 4

the idea people lose their intrinsic motivation to accomplish something because extrinsic motivators are added to motivate.

Question 5

Stretch targets

Answer 5

moet nog opzoeken

Question 6

Internalization

Answer 6

emploees develop over time autonomous motivation for behavior that is initially motivated in a controlled way, employees assimilate the stretch targets into their own values

Question 7

Competence

Answer 7

people need to gain mastery of their tasks and learn diffrent skillss

Question 8

Relatedness

Answer 8

people need to experience a sense of belonging and attachment to toher people

Question 9

autonomy

Answer 9

people need to feel in control of their own behavior & goods.