How Financial Incentives and Cognitive Abilities Affect Task Performance in Laboratory Settings: An Illustration

CERGE-EI Working Paper No. 221

Posted: 10 Nov 2005

See all articles by Ondrej Rydval

Ondrej Rydval

Charles University in Prague - CERGE-EI, a joint workplace of Charles University and the Economics Institute of the Czech Academy of Sciences; Max Planck Institute of Economics

Andreas Ortmann

UNSW Australia Business School, School of Economics

Date Written: February 2004

Abstract

Drawing on Gneezy and Rustichini (2000), we illustrate that subjects' cognitive abilities seem at least as important for their performance as do financial incentives they face. Theorists should thus pay more attention to the ability aspect of cognitive production.

Keywords: human capital, endogenous growth, total factor productivity and growth accounting

JEL Classification: C81, C91, C93, D83

Suggested Citation

Rydval, Ondrej and Ortmann, Andreas, How Financial Incentives and Cognitive Abilities Affect Task Performance in Laboratory Settings: An Illustration (February 2004). CERGE-EI Working Paper No. 221, Available at SSRN: https://ssrn.com/abstract=707383

Ondrej Rydval

Charles University in Prague - CERGE-EI, a joint workplace of Charles University and the Economics Institute of the Czech Academy of Sciences ( email )

Politickych veznu 7
111 21 Prague
Czech Republic
+420 224 005 290 (Phone)

HOME PAGE: http://www.cerge-ei.cz

Max Planck Institute of Economics ( email )

Kahlaische Strasse 10
D-07745 Jena, 07745
Germany

Andreas Ortmann (Contact Author)

UNSW Australia Business School, School of Economics ( email )

High Street
Sydney, NSW 2052
Australia

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