- A-Z
- Jena Economic Resea...
- Volume 1
- Financial Incentive...
Financial Incentives and Cognitive Abilities: Evidence from a Forecasting Task with Varying Cognitive Load
- Autor(in)
- Erschienen
- 18. Juli 2007
- Nummer des Discussion-Papers
-
2007-040
- Schlagwort(e)
-
cognitive ability
experiment
financial incentives
heterogeneity
performance
- Zusammenfsg.
-
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.
- article pub. typess JER
- Research article
- article languages JER
- Englisch
- article research fields JER
- experimental economics
- JEL-Classification for JER
- C81 - Microeconomic Data ; C91 - Laboratory, Individual Behavior ; D83 - Search; Learning; Information and Knowledge; Communication; Belief