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Title:Financial incentives and cognitive abilities: evidence from a forecasting task with varying cognitive load PDF Logo
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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