Peer Information and Risk-taking under Competitive and Non-competitive Pay Schemes
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Incentive schemes that reward participants based on their relative performance are often thought to be particularly risk-inducing. Using a novel, real-effort task experiment in the laboratory, we find that the relationship between incentives and risk-taking is more nuanced and depends critically on
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美国国家经济研究局创建时间：
2016-08-01
