Large Stakes and Big Mistakes
Publication
, Journal Article
Ariely, D; Gneezy, U; Loewenstein, G; Mazar, N
Published in: The Review of Economic Studies
2009
Workers in a wide variety of jobs are paid based on performance, which is commonly seen as enhancing effort and productivity relative to non-contingent pay schemes. However, psychological research suggests that excessive rewards can, in some cases, result in a decline in performance. To test whether very high monetary rewards can decrease performance, we conducted a set of experiments in the U.S. and in India in which subjects worked on different tasks and received performance-contingent payments that varied in amount from small to very large relative to their typical levels of pay. With some important exceptions, very high reward levels had a detrimental effect on performance. Copyright , Wiley-Blackwell.
Duke Scholars
Published In
The Review of Economic Studies
Publication Date
2009
Volume
76
Issue
2
Start / End Page
451 / 469
Related Subject Headings
- Economics
- 14 Economics
Citation
APA
Chicago
ICMJE
MLA
NLM
Ariely, D., Gneezy, U., Loewenstein, G., & Mazar, N. (2009). Large Stakes and Big Mistakes. The Review of Economic Studies, 76(2), 451–469.
Ariely, Dan, Uri Gneezy, George Loewenstein, and Nina Mazar. “Large Stakes and Big Mistakes.” The Review of Economic Studies 76, no. 2 (2009): 451–69.
Ariely D, Gneezy U, Loewenstein G, Mazar N. Large Stakes and Big Mistakes. The Review of Economic Studies. 2009;76(2):451–69.
Ariely, Dan, et al. “Large Stakes and Big Mistakes.” The Review of Economic Studies, vol. 76, no. 2, 2009, pp. 451–69.
Ariely D, Gneezy U, Loewenstein G, Mazar N. Large Stakes and Big Mistakes. The Review of Economic Studies. 2009;76(2):451–469.
Published In
The Review of Economic Studies
Publication Date
2009
Volume
76
Issue
2
Start / End Page
451 / 469
Related Subject Headings
- Economics
- 14 Economics