Drawing on Gneezy and Rustichini (2000), we illustrate that subjects' cognitive abilities seem at least as important for their performance as do financial incentives they face. Theorists should thus pay more attention to the ability aspect of cognitive production.
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Paper provided by The Center for Economic Research and Graduate Education - Economic Institute, Prague in its series CERGE-EI Working Papers with number
wp221.
Find related papers by JEL classification: C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Microeconomic Data C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
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