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stimulate effort. Through a real-effort artefactual field experiment with factory workers and university students as a … comparison group in China, we examine how both psychological and financial incentives, together with attitudes toward risk, may … rank-based financial incentives. Our results show that performance-ranking information had a significant motivational …
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-averse investors buy more of the safe asset. Applying this intuition to incentive pay contracts, we develop a model and an experiment … that show, in a very general setting, that the choice between work effort and leisure under given linear incentives depends …
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I show that stochastic contracts generate powerful incentives when agents suffer from probability distortion. When … optimal. A theoretical framework and an experiment demonstrate that stochastic contracts implemented with small probabilities …
Persistent link: https://www.econbiz.de/10015053193
Whether monetary incentives to change behavior work and how they should be structured are fundamental economic … questions. We overcome typical data limitations in a large-scale field experiment on vaccination (N = 5, 324) with a unique combi …-nation of administrative and survey data. We find that guaranteed incentives of $20 increase uptake by 13 percentage points in …
Persistent link: https://www.econbiz.de/10015074579
Whether monetary incentives to change behavior work and how they should be structured are fundamental economic … questions. We overcome typical data limitations in a large-scale field experiment on vaccination (N = 5, 324) with a unique … combination of administrative and survey data. We find that guaranteed incentives of $20 increase uptake by 13 percentage points …
Persistent link: https://www.econbiz.de/10015075054
The, often observed, positive correlation between incentive intensity and risk has been explained in two ways: the presence of transaction costs as determinants of contracts and the sorting of risk-tolerant individuals into firms using high-intensity incentive contracts. The empirical importance...
Persistent link: https://www.econbiz.de/10003355557
section for very small amounts. -- Risk attitude ; incentives ; decision ; experiment …Most studies on the role of incentives on risk attitude report data obtained from within-subject experimental … prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities …
Persistent link: https://www.econbiz.de/10003910085