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Large Stakes and Big Mistakes
by
ARIELY, DAN
, LOEWENSTEIN, GEORGE
, GNEEZY, URI
, MAZAR, NINA
in
Airway obstruction
/ Anagrams
/ Contingent payments
/ Economic motivation
/ Errors
/ Exceptions
/ Experimentation
/ Experiments
/ Financial incentives
/ Impact analysis
/ Incentive pay
/ J24
/ J31
/ Labyrinths
/ Linear regression
/ Motivation
/ O15
/ Participant observation
/ Payments
/ Productivity
/ Productivity incentives
/ Psychological research
/ Rewards
/ Studies
/ Task performance
2009
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Large Stakes and Big Mistakes
by
ARIELY, DAN
, LOEWENSTEIN, GEORGE
, GNEEZY, URI
, MAZAR, NINA
in
Airway obstruction
/ Anagrams
/ Contingent payments
/ Economic motivation
/ Errors
/ Exceptions
/ Experimentation
/ Experiments
/ Financial incentives
/ Impact analysis
/ Incentive pay
/ J24
/ J31
/ Labyrinths
/ Linear regression
/ Motivation
/ O15
/ Participant observation
/ Payments
/ Productivity
/ Productivity incentives
/ Psychological research
/ Rewards
/ Studies
/ Task performance
2009
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Do you wish to request the book?
Large Stakes and Big Mistakes
by
ARIELY, DAN
, LOEWENSTEIN, GEORGE
, GNEEZY, URI
, MAZAR, NINA
in
Airway obstruction
/ Anagrams
/ Contingent payments
/ Economic motivation
/ Errors
/ Exceptions
/ Experimentation
/ Experiments
/ Financial incentives
/ Impact analysis
/ Incentive pay
/ J24
/ J31
/ Labyrinths
/ Linear regression
/ Motivation
/ O15
/ Participant observation
/ Payments
/ Productivity
/ Productivity incentives
/ Psychological research
/ Rewards
/ Studies
/ Task performance
2009
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Journal Article
Large Stakes and Big Mistakes
2009
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Overview
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.
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