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Monetary and Social Incentives in Multi-Tasking : The Ranking Substitution Effect
Stefan, Matthias - 2020
Rankings are prevalent information and incentive tools in labor markets with strong competition for talent. In a dynamic model of multi-tasking and an accompanying experiment with financial professionals, we identify hidden ranking costs when performance in one task is incentivized and ranked...
Persistent link: https://www.econbiz.de/10012833599
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Monetary and social incentives in multi-tasking : the ranking substitution effect
Stefan, Matthias; Huber, Jürgen; Kirchler, Michael; … - 2020
Rankings are prevalent information and incentive tools in labor markets with strong competition for talent. In a dynamic model of multi-tasking and an accompanying experiment with financial professionals, we identify hidden ranking costs when performance in one task is incentivized and ranked...
Persistent link: https://www.econbiz.de/10012224442
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Monetary and social incentives in multi-tasking : the ranking substitution effect
Stefan, Matthias; Huber, Jürgen; Kirchler, Michael; … - 2020
Rankings are prevalent information and incentive tools in labor markets with strong competition for talent. In a dynamic model of multi-tasking and an accompanying experiment with financial professionals, we identify hidden ranking costs when performance in one task is incentivized and ranked...
Persistent link: https://www.econbiz.de/10012220112
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Monetary and social incentives in multi-tasking : the ranking substitution effect
Stefan, Matthias; Huber, Jürgen; Kirchler, Michael; … - 2020
Rankings are prevalent information and incentive tools in labor markets with strong competition for talent. In a dynamic model of multi-tasking and an accompanying experiment with financial professionals, we identify hidden ranking costs when performance in one task is incentivized and ranked...
Persistent link: https://www.econbiz.de/10012237029
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When Nudges Aren't Enough : Incentives and Habit Formation in Public Transport Usage
Gravert, Christina Annette - 2019
be in uenced by behavioral interventions and by economic incentives. Despite their effectiveness in other domains, we …
Persistent link: https://www.econbiz.de/10012858017
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Incentives to Persevere
Incekara-Hafalir, Elif; Lee, Grace; Siah, Audrey; Xiao, Erte - 2022
Achieving success often requires persistent effort. We study the effectiveness of two reward mechanisms, all-or-nothing and piece-rate, to incentivize full completion of repeated tasks over time. Our theoretical analysis shows that exogenously imposing the all-or-nothing mechanism can be...
Persistent link: https://www.econbiz.de/10013290096
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You can win by losing! : using self-betting as a commitment device : evidence from a weight loss program
Hirt-Schierbaum, Linda; Ivets, Maryna - 2020
In this paper we investigate the influence of financial incentives on agents’ commitment success who use a self … financial incentives incorporated into the self-bet mechanism encourage commitment and weight loss. More specifically, by …
Persistent link: https://www.econbiz.de/10012320610
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Rankings and risk-taking in the finance industry
Kirchler, Michael; Lindner, Florian; Weitzel, Utz - 2016
Rankings are a pervasive feature of the finance industry. Although they have no direct monetary consequences, rankings provide utility for intrinsic (positive self-image) and extrinsic (status) reasons. We recruit a unique subject pool of 204 financial professionals and investigate how anonymous...
Persistent link: https://www.econbiz.de/10011417442
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Grades and Rank : Impacts of Non-Financial Incentives on Test Performance
Jalava, Nina - 2014
How does effort respond to being graded and ranked? This paper examines the effects of non-financial incentives on test … non-financial incentives play an important role in motivating highly skilled students to exert more effort. We find … reward. The motivational strengths of the non- financial incentives differ across the test score distribution, across the …
Persistent link: https://www.econbiz.de/10013047861
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Grades and Rank : Impacts of Non-Financial Incentives on Test Performance
Jalava, Nina - 2014
How does effort respond to being graded and ranked? This paper examines the effects of non-financial incentives on test … non-financial incentives play an important role in motivating highly skilled students to exert more effort. We find … reward. The motivational strengths of the non-financial incentives differ across the test score distribution, across the …
Persistent link: https://www.econbiz.de/10013061998