How Much Money is LOVE Worth?

You can't "buy" love, but what if you could?
* If I had a machine that would make you fall in love with somebody for the rest of your life, what would I charge you to use the machine?

Passionate Love ONLY - This is what we see in new couples today - Where you want to be with that person every minute possible, almost obsessive like. This is also called Limerence - Like waking up early to go get breakfast and missing class to see that person

Men and Women both experience the same levels of passionate love while in a relationship.
Men tend to fall into love, faster and sooner, than women, who tend to be more cautious.

UK Experiment - Compared the feelings of people being told "I love you" for the first time to that of when gamblers win large sums of money,
Hearing I love you is ~ = $267,000

Visualizing the effect money has on a person - Love is democratic, everyone feels it, no matter who you are or how much money you have.

Having more money does not equate to being more happy - Hedonistic treadmill - Getting more money helps with happiness, but only to certain point ($75,000) then money has diminishing returns on how happy it makes you.

Long term, committed relationships -  love correlates to living longer.

Life-long pair bonds (a relationship that lasts a lifetime), (long term, compassionate love) - live 15% longer on average (~$30,40,000)

Oxytosin - Chemical released in the brain when you look at pictures of someone who you have had a committed, long term relationship with. Elevated levels have been seen in dogs who have been petted for long periods of time.

Couples, who have high levels of this chemical, solve conflict FASTER.
People who lack this chemical struggle with forming a long term relationship

When you look into the eyes of someone that you like, Oxytosin in the mind is released, a physco active drug that has long term causes of living longer.

Science of Motivation

Science of Motivation (Rethinking how we run our businesses)

Candle Problem from 1945 - Box of thumbtacks, a candle, and matches. You must attach candle to wall so wax doesn't drip onto the table. What do people try to do? (Functional Fixedness - Cognitive bias that limits a person to using an object only in the way that it is traditionally used, or "mental block against using an object in a new way that is required to solve a problem."

Experiment using candle problem (Power of Incentives)
Time how quickly you can solve this problem
1 group - Time you to establish norms, averages, how long it takes for someone to solve problem
1 group -If in top 25% of fastest times, you get $5. If you are the fastest, you get $10.
Took 2nd group three and half minutes longer to solve the problem.

We think "If we want people to work better, we have to reward them". That's not happening here, though.

Mismatch between what science knows and what business does.
If-then rewards eliminates creativity in the workforce.
ROWE (Rewards Only Work Environment) - Higher productivity, lower turnover rate, higher employee satisfaction. Everyone works on their own time, whenever you want. Come and go as you please.