Monetary incentives in speeded perceptual decision: effects of penalizing errors versus slow responses..pdf (1.79 MB)
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Monetary incentives in speeded perceptual decision: effects of penalizing errors versus slow responses

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journal contribution
posted on 20.01.2016, 12:06 by Michael Dambacher, R. Hübner, J. Schlösser
The influence of monetary incentives on performance has been widely investigated among various disciplines. While the results reveal positive incentive effects only under specific conditions, the exact nature, and the contribution of mediating factors are largely unexplored. The present study examined influences of payoff schemes as one of these factors. In particular, we manipulated penalties for errors and slow responses in a speeded categorization task. The data show improved performance for monetary over symbolic incentives when (a) penalties are higher for slow responses than for errors, and (b) neither slow responses nor errors are punished. Conversely, payoff schemes with stronger punishment for errors than for slow responses resulted in worse performance under monetary incentives. The findings suggest that an emphasis of speed is favorable for positive influences of monetary incentives, whereas an emphasis of accuracy under time pressure has the opposite effect.

History

Citation

Frontiers in Psychology, 2011, 2, p. 248

Author affiliation

/Organisation/COLLEGE OF MEDICINE, BIOLOGICAL SCIENCES AND PSYCHOLOGY/MBSP Non-Medical Departments/Neuroscience, Psychology and Behaviour

Version

VoR (Version of Record)

Published in

Frontiers in Psychology

Publisher

Frontiers

eissn

1664-1078

Acceptance date

07/09/2011

Copyright date

2011

Available date

20/01/2016

Publisher version

http://journal.frontiersin.org/article/10.3389/fpsyg.2011.00248/abstract

Language

en