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We compare evaluations of employee performance by individuals and groups of supervisors, analyzing a formal model and running a laboratory experiment. The model predicts that multi-rater evaluations are more precise than single-rater evaluations if groups rationally aggregate their signals about...
Persistent link: https://www.econbiz.de/10014552994
performance - in particular, tournament incentives - induce more stress than schemes that are independent of performance - fixed … self-reported feelings of stress and primary appraisals. We find that tournament incentives induce a stress response … incentives schemes is not a relevant criterion for sorting decisions in our experiment. Finally, we find that cortisol levels are …
Persistent link: https://www.econbiz.de/10014248989
Standard economics models require that financial incentives improve performance, while leading theories in psychology …
Persistent link: https://www.econbiz.de/10013449451
We compare evaluations of employee performance by individuals and groups of supervisors, analyzing a formal model and running a laboratory experiment. The model predicts that multi-rater evaluations are more precise than single-rater evaluations if groups rationally aggregate their signals about...
Persistent link: https://www.econbiz.de/10014493793
Tournaments are often used to improve performance in innovation contexts. Tournaments provide monetary incentives but … salience of team identity, social image concerns, and whether teams face monetary incentives. Increased salience of team … identity does not improve performance. Social image motivates the top performers. Additional monetary incentives improve all …
Persistent link: https://www.econbiz.de/10014495030
We study, theoretically and empirically, the effects of incentives on the self-selection and coordination of motivated …). Agents differ in their motivation to exert social effort. Our model predicts that lowering incentives for selfish effort in … prediction in a lab experiment allowing us to cleanly separate the selection effect from other effects of low incentives. Results …
Persistent link: https://www.econbiz.de/10012591754
incentives according to each task's marginal productivity. By contrast, with a relatively large wage floor, the principal … gradually lowers effort incentives to avoid rent payments to the agents, even before the wage floor exceeds the agents …
Persistent link: https://www.econbiz.de/10010293373
incentives according to each task's marginal productivity. By contrast, with a relatively large wage floor, the principal … gradually lowers effort incentives to avoid rent payments to the agents, even before the wage floor exceeds the agents …
Persistent link: https://www.econbiz.de/10010305966
The same contestants often meet repeatedly in contests. Behavior in a contest potentially provides information with regard to one's type and can therefore influence the behavior of the opponents in later contests. This paper shows that if effort is observable, this can induce a ratchet effect in...
Persistent link: https://www.econbiz.de/10010307046
incentives for effort delay, but also decreases the probability that the project will be terminated in due time. In this trade …
Persistent link: https://www.econbiz.de/10011301642