Showing 1 - 10 of 33
Differences in group affiliation may affect the level of cooperation in global commons situations such as programs for the conservation of resources which generate benefits that transcend state boundaries. We design a real-time, cross-cultural common pool resource (CPR) experiment purposely...
Persistent link: https://www.econbiz.de/10005190061
Cooperation and competition are both essential elements of economic life. Here we explore how cooperativeness in a prisoner’s dilemma is correlated with competitiveness in a sample of 9-12 year old children in Colombia and Sweden. Using two different measures and four different tasks for...
Persistent link: https://www.econbiz.de/10011203187
Recent experiments show that public goods can be provided at high levels when mutual monitoring and costly punishment are allowed. All these experiments, however, study monitoring and punishment in a setting where all agents can monitor and punish each other (i.e., in a complete network). The...
Persistent link: https://www.econbiz.de/10010278606
Empirical studies of the principal-agent relationship find that extrinsic incentives work in many instances, linking rewards to performance increases effort, but that they can also backfire, reducing effort. Intrinsic motivation, the internal drive to work to master a skill or to improve one's...
Persistent link: https://www.econbiz.de/10009771729
Economic theory predicts that agents will work harder if they believe in the "mission" of the organization. Well-identified estimates of exactly how much harder they will work have been elusive, however, because agents select into jobs. We conduct a real effort experiment with participants who...
Persistent link: https://www.econbiz.de/10010125806
Fixed-wage workers comprise the bulk of the labor force and yet little is known about how they respond to wage changes. Given recent interest in theories of reciprocity and intrinsic motivation and their implications for effort provision, the neoclassical prediction seems less obvious today. To...
Persistent link: https://www.econbiz.de/10011453435
The theory of compensating differentials has proven difficult to test with observational data: the consequences of selection, unobserved firm and worker characteristics, and the broader macroeconomic environment complicate most analyses. Instead, we construct experimental, real-effort labor...
Persistent link: https://www.econbiz.de/10010477537
Despite the "1/N problem" associated with profit sharing, the empirical literature finds that sharing profits with workers has a positive impact on work team and firm performance. We examine one possible resolution to this puzzle by observing that, although the incentive to work harder under...
Persistent link: https://www.econbiz.de/10011476533
There is a large literature evaluating the dual process model of cognition, including the biases and heuristic it implies. To advance this literature, we focus on what triggers decision makers to switch from the intuitive process (aka System 1) to the more deliberative process (aka System 2)....
Persistent link: https://www.econbiz.de/10013198848
The perception of risk affects how people behave during crises. We conduct a series of experiments to explore how people form COVID-19 mortality risk beliefs and the implications for prosocial behavior. We first document that people overestimate their own risk and that of young people, while...
Persistent link: https://www.econbiz.de/10012258020