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risk-inducing. Using a novel, real-effort task experiment in the laboratory, we find that the relationship between … incentives and risk-taking is more nuanced and depends critically on the availability of information about peers’ strategies and … outcomes. Indeed, we find that when no peer information is available, relative rewards schemes are associated with …
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We conduct a field experiment in a Dutch retail chain of 122 stores to study the interaction between team incentives …
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Recent incentive compensation trends suggest that many firms are (a) increasing the frequency with which they reward their employees and (b) providing gift-like unconditional rewards to employees irrespective of performance. This study investigates how reward frequency and reward conditionality...
Persistent link: https://www.econbiz.de/10014345096
Measuring risk preferences in the field is critical for policy, however, it can be costly. For instance, the commonly used measure of Holt and Laury (2002) relies on a dozen lottery choices and payments which makes it time-consuming and costly. We propose a short version of the Holt and Laury...
Persistent link: https://www.econbiz.de/10012823766
When working together, people engage in non-contractual and informal interactions that constitute the sociology of the group. We use behavioral models and a unique survey of medical groups to analyze how group sociology influences physician incentive pay and behavior. We conclude that informal...
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