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People are generally assumed to shy away from activities generating stochastic rewards, thus requiring extra compensation for handling any additional risk. In contrast with this view, neuroscience research with animals has shown that stochastic rewards may act as a powerful motivator. Applying...
Persistent link: https://www.econbiz.de/10012180185
People are generally assumed to shy away from activities generating stochastic rewards, thus requiring extra compensation for handling any additional risk. In contrast with this view, neuroscience research with animals has shown that stochastic rewards may act as a powerful motivator. Applying...
Persistent link: https://www.econbiz.de/10012389692
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/10010285428
intensity of team incentives and several survey measures of cooperation. Moreover, higher powered team incentives are associated … with lower degrees of absenteeism while this is not the case for individual incentives. …
Persistent link: https://www.econbiz.de/10010278772
incentives. Collective enforcement allows the transparent organization to use strong employment relationships to "cross …
Persistent link: https://www.econbiz.de/10012662711
incentives. Collective enforcement allows the transparent organization to use strong employment relationships to “cross …
Persistent link: https://www.econbiz.de/10012492995
responsive to agents' performance. Agents' performance is higher in the presence of goal setting despite weaker incentives. We … incentives and wage-irrelevant goals can be optimal. The pervasive use of non-monetary incentives in the workplace may help … account for previous empirical findings suggesting that firms rely on unexpectedly weak monetary incentives. …
Persistent link: https://www.econbiz.de/10011688534
FeedbackWe theoretically and experimentally analyze public and private feedback in teams that are characterized by different performance technologies. We consider a setting where the principal can provide truthful information on agents' performances or strategically withhold feedback. We find...
Persistent link: https://www.econbiz.de/10012060196
We theoretically and experimentally analyze the role of verifiability and privacy in strategic performance feedback using a 'one principal-two agent' context with real effort. We confirm the theoretical prediction that information transmission occurs only in verifiable feedbackmechanisms and...
Persistent link: https://www.econbiz.de/10011440134
We design a laboratory experiment to identify causal performance effects of top-down communication between managers and their subordinates. Our focus lies on communication that resolves uncertainty about the work environment but does not provide task-specific knowledge. Recent articles in the...
Persistent link: https://www.econbiz.de/10011282490