Cadsby, Charles Bram; Song, Fei; Zubanov, Nick - 2017
that show, in a very general setting, that the choice between work effort and leisure under given linear incentives depends … on how the attendant financial risk interacts with effort. We find that if the risk multiplies with effort, risk …-averse individuals work less, whereas under additive risk effort choice is little affected by risk preferences. Our findings complement …