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of private investors, professional investors, and students, we test the effect of task-related monetary incentives on …
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of private investors, professional investors, and students, we test the effect of task-related monetary incentives on …
Persistent link: https://www.econbiz.de/10013545997
This study is directly motivated by the results of Eckartz et al (2012). Subjects exerted suprisingly high efforts irrespectively of how they were compensated. This paper discusses a number of potential explanations and then it will focus on two of them: first, subjects might exert effort simply...
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Real-effort experiments are frequently used when examining a response to incentives. For any particular real …-effort task to be well-suited for such an exercise, subjects' cost for exerting effort must, for the range of incentives … nonmonetary incentives. However, despite its increasing use, a simple between-subject examination of the slider task's response to …
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Incentives are the essence of economics, and the question of how workers’ choices of effort and work hours respond to … financial incentives is among the oldest questions in labor economics. Many efforts have already been devoted to understanding … substitution effect. However, inconsistent with predictions of neoclassical model and behavioral model based on prospect theory …
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