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| Tekijä: | Müller, W. Schotter, A. |
| Otsikko: | Workaholics and dropouts in organizations |
| Lehti: | Journal of the European Economic Association
2010 : JUN, VOL. 8:4, p. 717-743 |
| Asiasana: | organizations workers skills |
| Kieli: | eng |
| Tiivistelmä: | This article reports the results of experiments designed to test the theory of the optimal composition of prizes in contests. It is found that aggregate results mask an unexpected compositional effect on the individual level. While it it predicted by theory that subject efforts are continuous and increasing functions of ability, the actual efforts of this paper's laboratory subjects diverge. Whereas low-ability workers drop out and make little or no effort, high-ability workers try too hard. The bifurcation, which is masked by aggregation, can be explained by presuming loss aversion by the subjects. |
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