project wallets
category blueprint

behavioral psychology  –  reward reinforcement

 

1. clear goals (contracts)

2. fast rewards (cashflow)

 

1.clear goals

The first necessary part of behavioral psychology’s reward reinforcement philosophy is to make sure that all parties can clearly identify a singular and clear goal to be accomplished.

 

clear goals = automate contracts

Using the smart contracts (if/then agreements) on blockchain, project wallets nest goals in the form of contracts + subcontracts so that all parties have clear goals.

 

• the contract (by phase)

  • between the Owner + Contractor

  • including sequential scope of work + value to be done

  • broken down into phases (Contractor’s goals)

 

• subcontracts (w/invoices)

  • nested inside phases

  • between the Contractor + Sub/Supplier

  • broken down with preset invoices (Sub/Suppliers goals)

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nested goals = cooperative game play

by nesting the Contractor’s goal as the completion of a phase, their reward is now dependent on the Subs/Suppliers completing & closing all the subcontracts in that phase. 

 

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2.fast rewards

The second part of reward reinforcement is the fast/immediate reward.  The longer the time delay from action to reward, the less effective and less likely to spur additional willful action.  

 

Fast rewards = automate cashflow

Since smart contracts are self-executing if/then agreements, all we needed was to ensure that the funds were available for instant release “approve to pay”.

 

Contractor reward = phase OH&P

• goal – complete phase

• work – subcontract & complete all contracted work

• submit – Contractor submits completed phase

• approval – Owner approves the phase

• reward = phase OH&P (overhead & profit)

 

Sub/Supplier reward = invoice value

• goal = preset invoice

• work – scope of work in the subcontract

• submit – Sub/Supplier submits completed invoice

• approval – Contractor approves invoice

• reward = invoice amount