Konferenzbeitrag
Prevalence and Determinants of Choice Bracketing - Experimental Evidence
This paper investigates whether the timing of rewards affects behavior in multi-stage contests. Abstracting from discounting, theory predicts that it is irrelevant for behavior whether agents are immediately rewarded for succeeding on a particular stage, or whether the reward is delayed until the interaction on the subsequent stage is decided. When testing this prediction using a two-stage contest in lab experiments, we fnd that stage-2 efforts are identical in immediate and delayed reward treatments, while stage-1 effort is significantly lower if rewards are immediate. This difference can be explained by the salience of continuation values, which is strongly affected by the timing of rewards.
- Sprache
-
Englisch
- Erschienen in
-
Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2015: Ökonomische Entwicklung - Theorie und Politik - Session: Competition and Collusion ; No. D12-V2
- Klassifikation
-
Wirtschaft
Noncooperative Games
Personnel Economics: Compensation and Compensation Methods and Their Effects
Compensation Packages; Payment Methods
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Stracke, Rudi
Kerschbamer, Rudolf
Sunde, Uwe
- Ereignis
-
Veröffentlichung
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Konferenzbeitrag
Beteiligte
- Stracke, Rudi
- Kerschbamer, Rudolf
- Sunde, Uwe
Entstanden
- 2015
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