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suggests that utility also depends on people's attitudes, and that it can easily be manipulated through these attitudes. The …
Persistent link: https://www.econbiz.de/10005032029
forecasting task with varying cognitive load, we identify the causal effect of working memory on subjects' forecasting performance … studying their interaction with financial incentives, with implications for the design of efficient incentive schemes. …
Persistent link: https://www.econbiz.de/10009391901
on performance is stronger under financial incentives as compared to flat rate pay. Subjects with more accounting …We extend evidence on the interaction between financial incentives and cognitive abilities by focusing on the effect of … education respond stronger to financial incentives. Hence using incentives efficiently may involve targeting them at high …
Persistent link: https://www.econbiz.de/10009358647
-powered financial incentives as a stimulator of economic performance can be moderated by cognitive abilities in a causal fashion …I examine how financial incentives interact with intrinsic motivation and especially cognitive abilities in explaining … heterogeneity in performance. Using a forecasting task with varying cognitive load, I show that the effectiveness of high …
Persistent link: https://www.econbiz.de/10005090474
In standard market theory demand and cost functions have to be known to compute optimal price or quantity responses. In case of risk or uncertainty the decisions depend on expectations, i.e. estimated parameters. Even in case of rational inference these expectations itself are uncertain, at...
Persistent link: https://www.econbiz.de/10005786075
. Such errors occur when agents have limited information processing capacities. A performance criterion is provided to … rules due to performance differences. …
Persistent link: https://www.econbiz.de/10005786083
incentive schemes. When we introduce, however, a paid outside option, the efforts are higher in the performance-dependent pay …
Persistent link: https://www.econbiz.de/10010884457
We compare performance in a word based creativity task under three incentive schemes: a flat fee, a linear payment and … a tournament. Furthermore, we also compare performance under two control tasks (Raven's advanced progressive matrices or … a number-adding task) with the same treatments. In all tasks we find that incentives seem to have very small effects and …
Persistent link: https://www.econbiz.de/10010884482
We compare the performance of liability rules for managing environmental disasters when third parties are harmed and …
Persistent link: https://www.econbiz.de/10010539769
Transparency in teams can induce cooperation. We study contribution decisions by agents when previous decisions can be observed. We find that an information chain, in which each agent directly observes only the decision of her immediate predecessor, is at least as effective as a...
Persistent link: https://www.econbiz.de/10009317896