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by davidovitch
3837 days ago
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Ultimately, what this paper means to me is that there is evidence (based on simplified conditions, granted) that people collaborate better when they believe they will receive a fair share of the outcome. This makes a lot of sense to me, especially when comparing to real life. For example, why is it that in many cases it is the small startup that creates innovative new technologies compared to large and well funded established players? I guess there are many factors at play, but I would argue that at least one factor relates to a more successful collaboration within the smaller environment, which in part is sourced upon the fact that there is promise of a higher payout in the case of success (equity as part of the salary). |
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There's research demonstrating that group effort and outcomes are detrimentally impacted by increased pay dispersion among the group members. Pay dispersion could form an "informal hierarchy", I suppose.