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We study how reference dependence and loss aversion motivate highly experienced agents, professional basketball players. Loss aversion predicts losing motivates if the reference point is fixed and losing discourages if it adjusts quickly. We find a “losing motivates effect” so large that an...
Persistent link: https://www.econbiz.de/10014127362
crowding out due to low-powered incentives. High-powered incentives in the workplace tend to increase output, but it is unknown … also extends to high-powered incentives, in a real work setting with paid workers. There is individual heterogeneity …
Persistent link: https://www.econbiz.de/10011946785
Motivated agents are characterized by increasing their effort if their work generates not only a monetary return for them but also a benefit for a mission they support. While their motivation may stem from working for their preferred (i.e., the `right') mission, it may also be the principal's...
Persistent link: https://www.econbiz.de/10011401176
In a tedious real effort task, subjects know that their piece rate is either low or ten times higher. When subjects are informed about their piece rate realization, they adapt their performance. One third of subjects nevertheless forego this instrumental information when given the choice - and...
Persistent link: https://www.econbiz.de/10011340265
In a tedious real effort task, subjects know that their piece rate is either low or ten times higher. When subjects are informed about their piece rate realization, they adapt their performance. One third of subjects nevertheless forego this instrumental information when given the choice - and...
Persistent link: https://www.econbiz.de/10011342145
In a tedious real effort task, subjects know that their piece rate is either low or ten times higher. When subjects are informed about their piece rate realization, they adapt their performance. One third of subjects nevertheless forego this instrumental information when given the choice - and...
Persistent link: https://www.econbiz.de/10011346303
avoidance in a real-effort setting. Our experiment offers three main results. First, we confirm that preferences for avoidance …
Persistent link: https://www.econbiz.de/10011751477
When the assignment of incentives is uncertain, we study how the regularity and frequency of rewards and risk attitudes … influence participation and effort. We contrast three incentive schemes in a real-effort experiment in which individuals decide … show that less able and more risk averse players are less persistent in effort. Intermittent incentives lead to a greater …
Persistent link: https://www.econbiz.de/10014138772
influence agents incentives and lead to a noncooperative game, even if the agents have to complete independent tasks. I show … substitutes. I solve for the optimal monetary incentives that complement the peer effects and show that the principal prefers …
Persistent link: https://www.econbiz.de/10011430294
How does effort respond to being graded and ranked? This paper examines the effects of non-financial incentives on test … performance. We conduct a randomized field experiment on more than a thousand sixth graders in Swedish primary schools. Extrinsic … non-financial incentives play an important role in motivating highly skilled students to exert more effort. We find …
Persistent link: https://www.econbiz.de/10010398729