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http://hdl.handle.net/10419/25604
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| Title: | | Financial incentives and cognitive abilities: evidence from a forecasting task with varying cognitive load  |
| Authors: | | Rydval, Ondřej |
| Issue Date: | | 2007 |
| Series/Report no.: | | Jena economic research papers 2007,040 |
| Abstract: | | I examine how financial incentives interact with intrinsic motivation and especially cognitive abilities in explaining heterogeneity in performance. Using a forecasting task with varying cognitive load, I show that the effectiveness of high-powered financial incentives as a stimulator of economic performance can be moderated by cognitive abilities in a causal fashion. Identifying the causality of cognitive abilities is a prerequisite for studying their interaction with financial and intrinsic incentives in a unifying framework, with implications for the design of efficient incentive schemes. |
| Subjects: | | Financial incentives Cognitive ability Heterogeneity Performance Experiment |
| JEL: | | C81 C91 D83 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Jena Economic Research Papers, MPI für Ökonomik
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