Showing 1 - 10 of 101
for social reputation or self-respect. Rewards or punishments (whether material or image-related) create doubt about the … crowding out of prosocial behavior by extrinsic incentives. We also identify settings that are conducive to multiple social …
Persistent link: https://www.econbiz.de/10005703171
Goals are an important source of motivation. But little is known about why and how people set them. We address these … questions in a model based on two stylized facts from psychology and behavioral economics: i) Goals serve as reference points … for performance. ii) Present-biased preferences create self-control problems. We show how goals permit self …
Persistent link: https://www.econbiz.de/10005566581
This paper provides an empirical demonstration of high stakes incentives in relation to religious practice. It shows that, when both positive (carrot) and negative (stick) incentives are available, the former are more effective than the latter. Specifically, it is shown that beliefs in heaven...
Persistent link: https://www.econbiz.de/10005823002
A growing economic literature stresses the importance of relative comparisons, e.g., for savings and consumption or happiness. In this literature it is usually assumed that reference standards against which people compare themselves are exogenously given. In contrast findings from social...
Persistent link: https://www.econbiz.de/10005822641
(broad bracketing). We study the hypothesis that a present-biased individual, who faces two tasks, may bracket his goals … narrowly for motivational reasons. Goals motivate because they serve as reference points that make substandard performance … partially insures against the risk of falling short of ones' goal(s), but creates incentives to shirk in one of the tasks …
Persistent link: https://www.econbiz.de/10008517973
We model how people formulate and evaluate goals to overcome self-control problems. People often attempt to regulate … from the literatures on goals and mental accounting with models of expectations-based reference-dependent preferences. By … formulating goals the individual creates expectations that induce reference points for task outcomes. These goal-induced reference …
Persistent link: https://www.econbiz.de/10009144852
Although a broad field of literature on incentive theory exists, employer-provided tangible goods (hereafter called benefits) have so far been neglected by economic research. A remarkable exception is an empirical study by Oyer (2008). In our study, we test some of his findings by drawing on a...
Persistent link: https://www.econbiz.de/10009646296
mission-oriented organizations is important to explain empirical findings of lower wages and high motivation in the latter. …
Persistent link: https://www.econbiz.de/10011279260
This paper investigates in a principal-agent environment whether and how group membership influences the effectiveness of incentives and when incentives can have “hidden costs”, i.e., a detrimental effect. We show experimentally that in all interactions control mechanisms can have hidden...
Persistent link: https://www.econbiz.de/10011252294
"), material or other explicit incentives ("laws") and social sanctions or rewards ("norms"). It first examines how honor, stigma …
Persistent link: https://www.econbiz.de/10009646323