Standard economics models require that financial incentives improve performance, while leading theories in psychology …

consultants have on the composition and complexity of CEO pay plans; notably, this impact fully mediates the consultant-CEO pay … increasing the impact of composition and complexity on CEO pay beyond the premium the CEO would demand for bearing additional …

It has been argued that monetary incentives restrain individual creativity and hamper performance in jobs requiring out … also when individuals work together to solve such problems. We do not find a negative impact of incentives on group … performance. As a comparison we ran the same experiment (the Candle Problem) with and without incentives for individuals as well …