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I study the effect of task difficulty on workers' effort. I find that task difficulty has an inverse-U effect on effort and that this effect is quantitatively large, especially when compared to the effect of conditional monetary rewards. Difficulty acts as a mediator of monetary rewards:...
Persistent link: https://www.econbiz.de/10012847863
I show that stochastic contracts generate powerful incentives when agents suffer from probability distortion. When …
Persistent link: https://www.econbiz.de/10015053193
We investigate how random luck in repeated variants of the risky investment game of Gneezy, Leonard, and List (2009); Gneezy and Potters (1997) influences risk-taking and discounting behavior in future risky prospects with probabilistic payouts one week, six, 12, and 24 months into the future....
Persistent link: https://www.econbiz.de/10015045949
We study risky inter-temporal choice in a large random student sample (n=721) and a large rural sample (n=835) in Malawi. All respondents were exposed to the same 20 Multiple Choice Lists with a rapid elicitation method that facilitated the identification of near-future Certainty Equivalents of...
Persistent link: https://www.econbiz.de/10015045969
We study risky inter-temporal choice in a large random student sample (n=721) and a large rural sample (n=835) in Malawi. All respondents were exposed to the same 20 Multiple Choice Lists with a rapid elicitation method that facilitated the identification of near-future Certainty Equivalents of...
Persistent link: https://www.econbiz.de/10014581476
We investigate how random luck in repeated variants of the risky investment game of Gneezy, Leonard, and List (2009); Gneezy and Potters (1997) influences risk-taking and discounting behavior in future risky prospects with probabilistic payouts one week, six, 12, and 24 months into the future....
Persistent link: https://www.econbiz.de/10014581500
In this paper we investigate whether the framing of the incentives used to foster participation into contexts …/punishment framing of incentives. We find that individuals characterized by a high degree of risk aversion perform worse under time …
Persistent link: https://www.econbiz.de/10012828585
In this paper we investigate whether the framing of the incentives used to foster participation into contexts …/punishment framing of incentives. We find that individuals characterized by a high degree of risk aversion perform worse under time …
Persistent link: https://www.econbiz.de/10012249515