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Autor:innen: 
Rydval, Ondřej
Datum: 
2007
Schriftenreihe/Nr.: 
Jena Economic Research Papers No. 2007,040
Verlag: 
Friedrich Schiller University Jena and Max Planck Institute of Economics, Jena
Zusammenfassung: 
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.
Schlagwörter: 
Financial incentives
Cognitive ability
Heterogeneity
Performance
Experiment
JEL: 
C81
C91
D83
Dokumentart: 
Working Paper

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