performance. Measured performance equals actual performance plus noise. We compare a stable environment where the noise is small … with a volatile environment where the noise is large. Subjects exert significantly more effort in the volatile environment … than in the stable environment. This finding is in line with standard agency theory and contrasts a distinct element of …

performance. Measured performance equals actual performance plus noise. We compare a stable environment where the noise is small … with a volatile environment where the noise is large. Subjects exert significantly more effort in the volatile environment … than in the stable environment. This finding is in line with standard agency theory and contrasts a distinct element of …

noise in the performance measure. In contrast, expectancy theory as developed by psychologists predicts lower effort levels … to changes in the distribution of the noise term. This suggests that enriching the economic model commonly applied within …

performance. Measured performance equals actual performance plus noise. We compare a stable environment where the noise is small … with a volatile environment where the noise is large. Subjects exert significantly more effort in the volatile environment … than in the stable environment. This finding is in line with standard agency theory and contrasts a distinct element of …

performance. Measured performance equals actual performance plus noise. We compare a stable environment where the noise is small … with a volatile environment where the noise is large. Subjects exert significantly more effort in the volatile environment … than in the stable environment. This finding is in line with standard agency theory and contrasts a distinct element of …

Economic theory predicts that agents will work harder if they believe in the "mission" of the organization. Well …