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Financial Incentives and Cognitive Abilities: Evidence from a Forecasting Task with Varying Cognitive Load

Rydval, Ondřej - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

I examine how financial incentives interact with intrinsic motivation and especially cognitive abilities in explaining …-powered financial incentives as a stimulator of economic performance can be moderated by cognitive abilities in a causal fashion … incentives in a unifying framework, with implications for the design of efficient incentive schemes. …

Persistent link: https://www.econbiz.de/10005866579

The Interaction between Financial Incentives and Task-specific Cognitive Capital: More Evidence in Support of Camerer and Hogarth (1999)

Rydval, Ondřej - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

This paper extends existing evidence on the interaction between financial incentives and cognitive capital. I focus on … situated in an accounting setting, I show that both financial incentives and task-specific cognitive capital, and especially … stronger under performance-based financial incentives as compared to flatrate incentives. The interaction effect arises because …

Persistent link: https://www.econbiz.de/10005866583

Monitoring and Pay:An Experiment on Employee Performance under Endogenous Supervisiona

Dittrich, Dennis A. V.; Kocher, Martin G. - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006

We present an experimental test of a shirking model where monitoring intensityis endogenous and effort a continuous variable. Wage level, monitoring intensityand consequently the desired enforceable effort level are jointly determined bythe maximization problem of the firm. As a result,...

Persistent link: https://www.econbiz.de/10005866658

Time is money –Time pressure, incentives, and the quality of decision-making

Kocher, Martin G.; Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004

Many decisions in economics and finance have to be made under severe time pressure. Furthermore, payoffs frequently depend on the speed of decision-making, like, for instance, when buying and selling stocks. In this paper, we examine the influence of time pressure and time-dependent incentive...

Persistent link: https://www.econbiz.de/10005866854

How norms can generate conflict

Winter, Fabian; Rauhut, Heiko; Helbing, Dirk - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009

attention. We develop ageneral theory of \normative conict" by dierentiating between twodierent kinds of conict. The rst results …

Persistent link: https://www.econbiz.de/10005870974

Making the World a better Place: Experimental evidencefrom the generosity Game

Güth, Werner; Levati, Maria Vittoria; Ploner, Matteo - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009

We study ultimatum and dictator experiments where the first moverchooses the amount of money to be distributed between the playerswithin a given interval, knowing that her own share is fixed. Thus, thefirst mover is faced with scarcity, but not with the typical trade-off betweenher own and the...

Persistent link: https://www.econbiz.de/10005870982

More than outcomes: A cognitive dissonance-basedexplanation of other-regarding behavior

Matthey, Astrid; Regner, Tobias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2011

Recent research has cast some doubt on the general validity of outcome-basedmodels of social preferences. We develop a model based on cognitive dissonance thatfocuses on the importance of self-image. An experiment (a dictator game variant)tests the model.First, we nd that subjects whose choices...

Persistent link: https://www.econbiz.de/10009248885

Gambling for the Upper Hand –Settlement Negotiations in the Lab

Miettinen, Topi; Ropponen, Olli; Sääskilahti, Pekka - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2011

We exploit a controlled frameless laboratory experiment to study settlement negoti-ations and the plainti¤s decision to raise a lawsuit in case of an impasse. We nd thatgreater variance in court outcomes increases the litigation rate and lowers the settlementrate. This latter nding goes...

Persistent link: https://www.econbiz.de/10009248886

Testing the Modigliani-Miller theorem directly in the lab

Levati, Maria Vittoria; Qiu, Jianying; Mahagaonkar, … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2011

We present an experiment designed to test the Modigliani-Miller theorem. Applyinga general equilibrium approach and not allowing for arbitrage among firmswith different capital structures, we find that, in accordance with the theorem, participantswell recognize changes in the systematic risk of...

Persistent link: https://www.econbiz.de/10009248887

Challenging the Intrapersonal Empathy Gap An Experiment with Self-Commitment Power

Uhl, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2011

Loewenstein (1996, 2005) identifies an intrapersonal empathy gap. In the respectiveexperiments, subjects make choices with delayed consequences. When enteringthe state where these consequences would unfold, they get the possibility to revisetheir initial choice. Revisions are more substantial...

Persistent link: https://www.econbiz.de/10009248889

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