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http://bura.brunel.ac.uk/handle/2438/9529
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DC Field | Value | Language |
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dc.contributor.author | Rablen, MD | - |
dc.date.accessioned | 2014-12-16T14:43:07Z | - |
dc.date.available | 2010-08 | - |
dc.date.available | 2014-12-16T14:43:07Z | - |
dc.date.issued | 2010 | - |
dc.identifier.citation | Journal of Economic Psychology, 2010, 31 (4), pp. 687 - 697 | en_US |
dc.identifier.issn | 0167-4870 | - |
dc.identifier.uri | http://www.sciencedirect.com/science/article/pii/S0167487010000681 | - |
dc.identifier.uri | http://bura.brunel.ac.uk/handle/2438/9529 | - |
dc.description.abstract | Growing economic and psychological evidence documents effects of target setting on levels of effort and risk-taking, even in the absence of a monetary reward for attaining the target. I explore a principal–agent environment in which the principal sets the agent a performance target, and the agent’s intrinsic motivation to work is influenced by their performance relative to the target. When the agent has prospect theory preferences relative to the target I show that a performance target can induce greater effort, but, when set too high, it eventually induces lower effort. Also, the agent’s preferences for risk-taking hinge on whether the target is set above or below expected output. I find that the principal’s optimal target exceeds expected output. | en_US |
dc.format.extent | 687 - 697 | - |
dc.format.extent | 687 - 697 | - |
dc.language.iso | en | en_US |
dc.subject | Performance targets | en_US |
dc.subject | Intrinsic motivation | en_US |
dc.subject | Prospect theory | en_US |
dc.subject | Principal–agent theory | en_US |
dc.subject | Reference-dependent preferences | en_US |
dc.title | Performance targets, effort and risk-taking | en_US |
dc.type | Article | en_US |
dc.identifier.doi | http://dx.doi.org/10.1016/j.joep.2010.05.002 | - |
dc.relation.isPartOf | Journal of Economic Psychology | - |
dc.relation.isPartOf | Journal of Economic Psychology | - |
pubs.issue | 4 | - |
pubs.issue | 4 | - |
pubs.volume | 31 | - |
pubs.volume | 31 | - |
pubs.organisational-data | /Brunel | - |
pubs.organisational-data | /Brunel/Brunel Staff by College/Department/Division | - |
pubs.organisational-data | /Brunel/Brunel Staff by College/Department/Division/College of Business, Arts and Social Sciences | - |
pubs.organisational-data | /Brunel/Brunel Staff by College/Department/Division/College of Business, Arts and Social Sciences/Dept of Economics and Finance | - |
pubs.organisational-data | /Brunel/Brunel Staff by College/Department/Division/College of Business, Arts and Social Sciences/Dept of Economics and Finance/Economics and Finance | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/Brunel Business School - URCs and Groups | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/Brunel Business School - URCs and Groups/Centre for Research into Entrepreneurship, International Business and Innovation in Emerging Markets | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups/Brunel Institute for Ageing Studies | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups/Brunel Institute of Cancer Genetics and Pharmacogenomics | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups/Centre for Systems and Synthetic Biology | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Information Systems, Computing and Mathematics - URCs and Groups | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Information Systems, Computing and Mathematics - URCs and Groups/Multidisclipary Assessment of Technology Centre for Healthcare (MATCH) | - |
Appears in Collections: | Dept of Economics and Finance Research Papers |
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fulltext.pdf | 186.09 kB | Adobe PDF | View/Open |
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