Monetary Incentives: Usually Neither Necessary Nor Sufficient?
AbstractRead (2005), in The Journal of Economic Methodology, took our target article in Behavioral and Brain Sciences (Hertwig & Ortmann 2001) as one point of departure to question the usefulness of monetary incentives for experimental work. In making his case, he misrepresents our analysis, and continues the unfortunate ritual of opportunistic sampling of evidence. As in our target article, we call for an empirical analysis of the impact of monetary incentives.
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Bibliographic InfoPaper provided by The Center for Economic Research and Graduate Education - Economic Institute, Prague in its series CERGE-EI Working Papers with number wp307.
Date of creation: Sep 2006
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Experimental practices; monetary incentives; financial incentives; rhetorical cactics.;
Find related papers by JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-12-09 (All new papers)
- NEP-CBE-2006-12-09 (Cognitive & Behavioural Economics)
- NEP-EXP-2006-12-09 (Experimental Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Guala,Francesco, 2005.
"The Methodology of Experimental Economics,"
Cambridge University Press, number 9780521853408, December.
- Rydval, Ondrej & Ortmann, Andreas, 2004.
"How financial incentives and cognitive abilities affect task performance in laboratory settings: an illustration,"
Elsevier, vol. 85(3), pages 315-320, December.
- Ondrej Rydval & Andreas Ortmann, 2004. "How financial incentives and cognitive abilities affect task performance in laboratory settings: An illustration," CERGE-EI Working Papers wp221, The Center for Economic Research and Graduate Education - Economic Institute, Prague.
- Ottone, Stefania & Ortona, Guido & Ponzano, Ferruccio & Scacciati, Francesco, 2010.
"Some differences in revealed behaviour under different inquiry methods,"
Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics),
Elsevier, vol. 39(5), pages 546-553, October.
- Ortona, Guido & Ottone, Stefania & Ponzano, Ferruccio & Scacciati, Francesco, 2008. "Some differences in revealed behaviour under different inquiry methods," POLIS Working Papers 112, Institute of Public Policy and Public Choice - POLIS.
- Sarah Jacobson & Ragan Petrie, 2009. "Learning from mistakes: What do inconsistent choices over risk tell us?," Journal of Risk and Uncertainty, Springer, vol. 38(2), pages 143-158, April.
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