Monetary Incentives: Usually Neither Necessary Nor Sufficient?
Read (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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CERGE-EI Working Papers
wp221, The Center for Economic Research and Graduate Education - Economic Institute, Prague.
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