Monetary Incentives: Usually Neither Necessary Nor Sufficient?

Andreas Ortmann and Ralph Hertwig

CERGE-EI Working Papers from The Center for Economic Research and Graduate Education - Economics Institute, Prague

Abstract: Read (2005), in The Journal of Economic Methodology, took our target article in Behavioral and Brain Sciences (Hertwig & Ortmann 2001) as one point of departure to question the usefulness of monetary incentives for experimental work. In making his case, he misrepresents our analysis, and continues the unfortunate ritual of opportunistic sampling of evidence. As in our target article, we call for an empirical analysis of the impact of monetary incentives.

Keywords: Experimental practices; monetary incentives; financial incentives; rhetorical cactics. (search for similar items in EconPapers)
JEL-codes: C72 C91 (search for similar items in EconPapers)
Date: 2006-09
New Economics Papers: this item is included in nep-cbe and nep-exp
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Citations: View citations in EconPapers (8)

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