The role of financial incentives and social incentives in multi-task settings
The role of financial incentives and social incentives in multi-task settings
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财务激励和社会激励在多任务环境中的作用
DOI:
10.2308/jmar.2007.19.1.25
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发表时间:
2007
影响因子:
1.7
通讯作者:
F. Moers
中科院分区:
文献类型:
--
作者:
A. Brüggen;F. Moers
In this paper, we investigate the role of financial incentives and social incentives in multi‐task settings where the agent makes an effort‐level choice and an effort‐allocation choice. We focus on a setting where these choices are not independent and an active trade‐off between effort level and effort allocation exists. Social incentives play a crucial role in this trade‐off. While financial incentives increase the effort level, social incentives congruent with the principal's interest mitigate the distortions in effort allocation associated with financial incentives, which improves the effectiveness of financial incentives. In a 2×2 experiment, we find that participants who receive distorting financial incentives provide significantly more total effort than participants who receive a fixed wage, but they allocate effort significantly less congruently. However, the effort‐allocation distortion caused by distorting financial incentives is significantly reduced by congruent social incentives. We further fi...