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risk-inducing. Using a novel, real-effort task experiment in the laboratory, we find that the relationship between … incentives and risk-taking is more nuanced and depends critically on the availability of information about peers’ strategies and … outcomes. Indeed, we find that when no peer information is available, relative rewards schemes are associated with …
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We conduct a field experiment in a Dutch retail chain of 122 stores to study the interaction between team incentives …
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Measuring risk preferences in the field is critical for policy, however, it can be costly. For instance, the commonly used measure of Holt and Laury (2002) relies on a dozen lottery choices and payments which makes it time-consuming and costly. We propose a short version of the Holt and Laury...
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