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Can a company attract a different type of employee by changing its compensation scheme? Is it sufficient to pay more to increase employees’ motivation? Should a firm provide evaluation feedback to employees based on their absolute or their relative performance? Laboratory experiments can help...
Persistent link: https://www.econbiz.de/10011562948
We study a dynamic variant of the die-under-the-cup task where players can repeatedly misreport the outcomes of consecutive die rolls to earn more money, either under a non-competitive piece rate scheme or in a two-player competitive tournament. In this dynamic setting we test (i) whether giving...
Persistent link: https://www.econbiz.de/10012390889
Embezzlement is a major concern in various settings. By means of a sequential modified dictator game, we investigate theoretically and experimentally whether making information more transparent and reducing the number of intermediaries in transfer chains can reduce embezzlement and improve the...
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section for very small amounts. -- Risk attitude ; incentives ; decision ; experiment …Most studies on the role of incentives on risk attitude report data obtained from within-subject experimental … prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities …
Persistent link: https://www.econbiz.de/10003910085
. -- Ratio bias ; financial incentives ; error rates ; experiment … once order effects are excluded, and once salient and dominant incentives are provided. This holds true for both choice and …
Persistent link: https://www.econbiz.de/10003910098
reinforcement ; ambiguity ; randomness ; incentives ; experiment …Whereas economists have made extensive studies of the impact of levels of incentives on behavior, they have paid little … attention to the effects of regularity and frequency of incentives. We contrasted three ways of rewarding participants in a real …
Persistent link: https://www.econbiz.de/10008780451
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