Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/25604
Authors: 
Rydval, Ondřej
Year of Publication: 
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

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