performance. Measured performance equals actual performance plus noise. We compare a stable environment where the noise is small … with a volatile environment where the noise is large. Subjects exert significantly more effort in the volatile environment …

performance. Measured performance equals actual performance plus noise. We compare a stable environment where the noise is small … with a volatile environment where the noise is large. Subjects exert significantly more effort in the volatile environment …

performance. Measured performance equals actual performance plus noise. We compare a stable environment where the noise is small … with a volatile environment where the noise is large. Subjects exert significantly more effort in the volatile environment …

performance. Measured performance equals actual performance plus noise. We compare a stable environment where the noise is small … with a volatile environment where the noise is large. Subjects exert significantly more effort in the volatile environment …

are also robust to more realistic assumptions such as noise. In this paper, in the context of voluntary contribution games … under noise and what happens when other assumptions such as population homogeneity are relaxed. Second, we investigate the … welfare properties of the mechanism, interpreting noise as a policy instrument, and we use logit dynamic simulations to …

are also robust to more realistic assumptions such as noise. In this paper, in the context of voluntary contribution games … under noise and what happens when other assumptions such as population homogeneity are relaxed. Second, we investigate the … welfare properties of the mechanism, interpreting noise as a policy instrument, and we use logit dynamic simulations to …

allowing for heterogeneity of noise yields no significant relation between risk aversion and cognitive ability. Our results …