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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

Do EPA administrators recommend environmental policies that citizens want?

Carlsson, Fredrik; Mitesh, Kataria; Lampi, Elina - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009

We investigate whether Swedish Environmental Protection Agency (EPA) administrator recommendations regarding improvements in environmental quality differ from citizen preferences. The scope and significance of the possible difference are assessed by conducting identical choice experiments on a...

Persistent link: https://www.econbiz.de/10005866392

Inconsistent Incomplete Information: A Betting Experiment

Güth, Werner; Llorente Erviti, Loreto; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009

We study two person-betting games with inconsistent commonly know beliefs, using an experimentalapproach. In our experimental games, participants bet against one another, each bettorchoosing one of two possible outcomes, and payoff odds are know at the time bets are placed.Bettors’ beliefs are...

Persistent link: https://www.econbiz.de/10005866395

Social Preferences? Google Answers!

Regner, Tobias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009

We analyse pricing, e¤ort and tipping decisions in the online service GoogleAnswers. While users set a price for the answer to their question ex ante, theycan additionally give a tip to the researcher ex post.In line with the related experimental literature we nd evidence that tippingis...

Persistent link: https://www.econbiz.de/10005866396

Voluntary Cooperation Based on Equilibrium Retribution –An Experiment Testing Finite-Horizon Folk Theorems

Bruttel, Lisa V.; Güth, Werner; Kamecke, Ulrich; … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009

Unlike previous attempts to implement cooperation in a prisoners’ dilemma gamewith an infinite horizon in the laboratory, we focus on extended prisoners’ dilemmagames in which a second (pure strategy) equilibrium allows for voluntary cooperationin all but the last round. Our four main...

Persistent link: https://www.econbiz.de/10005866398

Generosity, Greed and Gambling: What difference doesasymmetric information in bargaining make?

Klempt, Charlotte; Pull, Kerstin - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009

We analyze the effects of asymmetric information concerning thesize of a pie on proposer behavior in three different bargaining situations:the ultimatum game, the Yes-No-game and the dictator game.Our data show that (a) irrespective of the information condition, proposergenerosity increases with...

Persistent link: https://www.econbiz.de/10005866401

Intra-firm Conflicts and Interfirm Competition

Güth, Werner; Pull, Kerstin; Stadler, Manfred - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009

firms employing one or more agents and imple-menting tournament incentives. We show that inter-firm competition leads to …

Persistent link: https://www.econbiz.de/10005866426