Incentive complexity, bounded rationality and effort provision

Using field and laboratory experiments, we demonstrate that the complexity of incentive schemes and worker bounded rationality can affect effort provision, by shrouding attributes of the incentives. In our setting, complexity leads workers to over-provide effort relative to a fully rational benchmar...

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Bibliographic Details
Main Authors: Abeler, J, Huffman, D, Raymond, C
Format: Working paper
Language:English
Published: University of Oxford 2023