I speaks to anchoring and evaluating incentives relative to an expected level.
Basically, receiving a raise is seen as a good thing because you are getting more money than a month ago (anchor). But after a while you will be getting the same amount of money as a month ago (the anchor has moved) so there is no cause for joy.
I speaks to anchoring and evaluating incentives relative to an expected level.
Basically, receiving a raise is seen as a good thing because you are getting more money than a month ago (anchor). But after a while you will be getting the same amount of money as a month ago (the anchor has moved) so there is no cause for joy.