reform and research. We primarily focus on issues relating to transparency and the measurement of risk and how these are … affected by management incentives that are often misaligned with the incentives of those who are exposed in various ways to the … risk being measured. In the aftermath of the crisis many have called for increased transparency; we suggest that while …

Multiple studies suggest that, contrary to economic rationale, offering monetary incentives to complete a task can … the role of non-monetary incentives in prosocial behavior. Specifically, we give 245 pairs of high school students … different incentives to collect donations for charity: lowmonetary incentives (1% of the total donations collected), high …

incentives and effort provision. To examine this issue, we design three experiments where subjects participate in two-player real …-effort tournaments with two prizes. Experiment 1 shows that subjects exert high effort even if there are no monetary incentives …, suggesting that non-monetary incentives are contributing to their effort choices. Moreover, increasing monetary incentives does …