Showing 1 - 10 of 1,249
Incentive schemes not only influence the effort provision of workers, but might also induce sorting. As drivers of self-selection, the literature mainly focuses on measures of productivity; however, other variables, such as preferences, beliefs and personality, also play a role. With this paper,...
Persistent link: https://www.econbiz.de/10010319744
Many professional and educational settings require individuals to be willing and able to perform under time pressure. We use a lab experiment to elicit preferences for working under time pressure in an incentivized way by eliciting the minimum additional payment participants require to complete...
Persistent link: https://www.econbiz.de/10014318980
What explains the mixed evidence from laboratory tests of Kőszegi and Rabin's (2006 and later) model of expectations-based reference-dependent preferences? We investigate one hypothesis: to become (behavior-affecting) reference points, probability beliefs have to sink in—being merely lagged,...
Persistent link: https://www.econbiz.de/10012932527
Working hard is costly, so people should work wisely. Yet, they do not always work efficiently, spending their effort on tasks that do not bring tangible benefits. One reason that potentially amplifies inefficient working is that people work in social environments where they are observed and...
Persistent link: https://www.econbiz.de/10012119646
We study time preferences by means of a longitudinal lab experiment involving both monetary and non-monetary rewards (leisure). Our novel design allows to measure whether participants prefer to anticipate or delay gratification, without imposing any structural assumption on the instantaneous...
Persistent link: https://www.econbiz.de/10012596211
If agents are exposed to continual competitive pressure, how does a short-term variation of the severity of the competition affect agents' performance? In a real-effort laboratory experiment, we study a one-time increase in incentives in a sequence of equally incentivized contests. Our results...
Persistent link: https://www.econbiz.de/10011895040
We study the effect of monetary incentives on effort in a prosocial task: writing letters encouraging voter turnout. Volunteers are randomized to receive no incentive, unconditional upfront payment, payment conditional on completing the task, or to have a choice between the two payment schemes....
Persistent link: https://www.econbiz.de/10014241092
Gill and Prowse (2012) conduct an experiment where an agent who is loss averse around her endogenous choice-acclimating expectations-based reference point is predicted to decrease effort with her rival’s effort (a “discouragement effect”). We adapt their human-human to a human-robot...
Persistent link: https://www.econbiz.de/10014108551
Misinformation is linked to increased social divisions and adverse health outcomes. While most research focuses on the spread of misinformation, we examine the production of misinformation intended to mislead (disinformation). Our field experiment (N=1,200) found, adjusting for circumstantial...
Persistent link: https://www.econbiz.de/10013460041
Many professional and educational settings require individuals to be willing and able to perform under time pressure. We use a lab experiment to elicit preferences for working under time pressure in an incentivized way by eliciting the minimum additional payment participants require to complete...
Persistent link: https://www.econbiz.de/10013375209