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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
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
Recent behavioral models argue in favor of avoidance of instrumental information. We explore the role of information avoidance in a real-effort setting. Our experiment offers three main results. First, we confirm that preferences for avoidance of instrumental information exist, studying...
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 … regime shift by withdrawing monetary rewards after the same unknown number of periods. In such an ambiguous environment, we … 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
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that show, in a very general setting, that the choice between work effort and leisure under given linear incentives depends …
Persistent link: https://www.econbiz.de/10011612830