Much of economics assumes that higher incentives increase participation in a transaction only because they exceed more … costly, higher incentives also change reservation prices to further increase participation. A higher incentive makes people …. Hence, incentives change not only what people choose, but also what they believe their choices entail. This result informs …

occurring informational environment, in which subjects predict GDP growth on the basis of real news reports. …

explanations, using a market environment introduced by Lei, Noussair, and Plott (2001) where speculation is impossible. Taken …

know a lot about the effect of incentives on pro-social behavior, we understand very little about how to promote pro …-social behavior efficiently. For example, we accept that monetary incentives sometimes are less effective than would be predicted for …, we compare the role of heterogeneity of preferences in social efficiency across incentives and confirm the existence of …

differing incentives in four identical trials. These randomly assigned incentives included various monetary amounts, a free gift …, or a social nudge tapping into altruistic values (in this case, benefits to the environment). After tests for homogeneity …, the results showed the social nudge had a high degree of effectiveness, when compared to both the financial incentives and …

When the assignment of incentives is uncertain, we study how the regularity and frequency of rewards and risk attitudes … regime shift by withdrawing monetary rewards after the same unknown number of periods. In such an ambiguous environment, we … show that less able and more risk averse players are less persistent in effort. Intermittent incentives lead to a greater …