Hogarth, Robin M.; Villeval, Marie Claire - In: Journal of Economic Behavior & Organization 100 (2014) C, pp. 1-19
When the assignment of incentives is uncertain, we study how the regularity and frequency of rewards and risk attitudes … show that less able and more risk averse players are less persistent in effort. Intermittent incentives lead to a greater … persistence of effort, while continuous incentives entail exit as soon as payment stops. Randomness increases both earlier and …