How financial incentives and cognitive abilities affect task performance in laboratory settings: an illustration
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.
(This abstract was borrowed from another version of this item.)
References listed on IDEAS
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- Ignacio Palacios-Huerta, 2002.
"Learning to Open Monty Hall's Doors,"
2002-23, Brown University, Department of Economics.
- Camerer, Colin F & Hogarth, Robin M, 1999.
"The Effects of Financial Incentives in Experiments: A Review and Capital-Labor-Production Framework,"
Journal of Risk and Uncertainty,
Springer, vol. 19(1-3), pages 7-42, December.
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