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Overcoming time inconsistency with a matched bet : theory and evidence from exercising
Woerner, Andrej - 2023
This paper introduces the matched-bet mechanism. The matched bet is an easily applicable and strictly budget-balanced mechanism that aims to help people overcome time-inconsistent behavior. I show theoretically that offering a matched bet helps both sophisticated and naive procrastinators to...
Persistent link: https://www.econbiz.de/10014477364
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Should individuals choose their own incentives? : evidence from a mindfulness meditation intervention
Woerner, Andrej; Romagnoli, Giorgia; Probst, Birgit M.; … - 2023
Traditionally, incentives to promote behavioral change are assigned rather than chosen. In this paper, we theoretically … and empirically investigate the alternative approach of letting people choose their own incentives from a menu of … and benefits, we theoretically show that leaving them the choice of incentives can improve both adherence and welfare. We …
Persistent link: https://www.econbiz.de/10014477365
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Managerial payoff and gift-exchange in the field
Englmaier, Florian; Leider, Stephen - 2019
We conduct a field experiment where we vary both the presence of a gift-exchange wage and the effect of the worker's effort on the manager's payoff. Results indicate a strong complementarity between the initial wage-gift and the agent's ability to "repay the gift". We control for differences in...
Persistent link: https://www.econbiz.de/10012064798
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The efficacy of tournaments for non-routine team tasks
Englmaier, Florian; Grimm, Stefan; Grothe, Dominik; … - 2023
Tournaments are often used to improve performance in innovation contexts. Tournaments provide monetary incentives but … salience of team identity, social image concerns, and whether teams face monetary incentives. Increased salience of team … identity does not improve performance. Social image motivates the top performers. Additional monetary incentives improve all …
Persistent link: https://www.econbiz.de/10014495030
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Neighbors, knowledge, and nuggets : two natural field experiments on the role of incentives on energy conservation
Dolan, Paul; Metcalfe, Robert M. - 2013
Persistent link: https://www.econbiz.de/10009754847
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Do performance ranks increase productivity? : evidence from a field experiment
Ashraf, Anik - 2019
Can a firm increase its workers' eff ort by introducing competition through performance-based ranking? On one hand such ranking can increase eff ort because of individuals' desire for status from high ranks, but on the other, it can demotivate them or make them wary of outperforming peers. This...
Persistent link: https://www.econbiz.de/10012118624
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UK consumers' habits
Banerjee, Ryan; Batini, Nicoletta - 2003
We follow Fuhrer (2000) in estimating via Maximum Likelihood a log-linear consumption function on UK data. In doing so we consider various habit formation assumptions. We show that a model of purely external habits as in Fuhrer (2000) fits the UK data remarkably well, and possibly in a superior...
Persistent link: https://www.econbiz.de/10011517872
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Habit formation and the Pareto-efficient provision of public goods
Aronsson, Thomas; Schöb, Ronnie - 2017
public consumption. Since habit formation affects the incentives to relax the self-selection constraint through public good …
Persistent link: https://www.econbiz.de/10011587590
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Can social comparisons and moral appeals increase public transport ridership and decrease car use?
Gessner, Johannes; Habla, Wolfgang; Wagner, Ulrich J. - 2023
In a field experiment with 341 participants, we study whether social comparisons, either in isolation or in combination with a climate-related moral appeal, can change the use of public and car-related transportation. We do so in the context of a mobility budget offered to employees of a large...
Persistent link: https://www.econbiz.de/10014232662
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Comparing charitable fundraising schemes : evidence from a natural field experiment and a structural model
Huck, Steffen; Rasul, Imran; Shephard, Andrew - 2013 - Revised August 2013
We present evidence from a natural field experiment and structural model designed to shed light on the efficacy of alternative fundraising schemes. In conjunction with the Bavarian State Opera, we mailed 25,000 opera attendees a letter describing a charitable fundraising project organized by the...
Persistent link: https://www.econbiz.de/10010127227