Business

Incentive Theory Explained: 3 Types of Incentives

Written by MasterClass

Last updated: Aug 31, 2022 • 3 min read

Psychologists have come up with a litany of different theories about what most essentially motivates human behavior. Those who espouse the incentive theory of motivation believe external factors, both positive and negative, are paramount in determining how people will behave. Learn how to apply the incentive theory in your own life and career.