'The Role and Importance of Performance-Based Reward Systems in Affecting

question 36

Essay

'The role and importance of performance-based reward systems in affecting the behaviour has changed.' Comment.

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Definitions:

Superior

In economics, refers to a good for which demand increases as consumer incomes increase, opposite of an inferior good.

Player

An individual, group, or entity participating in a competitive or cooperative activity, often used in the context of games, sports, or market participants.

Negative-sum Games

Situations in which the total losses exceed the total gains, leading to a net decrease in wealth or benefit.

Incentive

A thing that motivates or encourages someone to do something, particularly in economic contexts to influence behaviors.