Combining ‘‘real effort’’ with induced effort costs: the ball-catching task
We introduce the “ball-catching task”, a novel computerized task, which combines a tangible action (“catching balls”) with induced material cost of effort. The central feature of the ball-catching task is that it allows researchers to manipulate the cost of effort function as well as the production...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Springer
2016
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| Online Access: | https://eprints.nottingham.ac.uk/30093/ |
| _version_ | 1848793919526010880 |
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| author | Gaechter, Simon Huang, Lingbo Sefton, Martin |
| author_facet | Gaechter, Simon Huang, Lingbo Sefton, Martin |
| author_sort | Gaechter, Simon |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | We introduce the “ball-catching task”, a novel computerized task, which combines a tangible action (“catching balls”) with induced material cost of effort. The central feature of the ball-catching task is that it allows researchers to manipulate the cost of effort function as well as the production function, which permits quantitative predictions on effort provision. In an experiment with piece-rate incentives we find that the comparative static and the point predictions on effort provision are remarkably accurate. We also present experimental findings from three classic experiments, namely, team production, gift exchange and tournament, using the task. All of the results are closely in line with the stylized facts from experiments using purely induced values. We conclude that the ball-catching task combines the advantages of real effort tasks with the use of induced values, which is useful for theory-testing purposes as well as for applications. |
| first_indexed | 2025-11-14T19:07:57Z |
| format | Article |
| id | nottingham-30093 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T19:07:57Z |
| publishDate | 2016 |
| publisher | Springer |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-300932020-05-08T12:45:11Z https://eprints.nottingham.ac.uk/30093/ Combining ‘‘real effort’’ with induced effort costs: the ball-catching task Gaechter, Simon Huang, Lingbo Sefton, Martin We introduce the “ball-catching task”, a novel computerized task, which combines a tangible action (“catching balls”) with induced material cost of effort. The central feature of the ball-catching task is that it allows researchers to manipulate the cost of effort function as well as the production function, which permits quantitative predictions on effort provision. In an experiment with piece-rate incentives we find that the comparative static and the point predictions on effort provision are remarkably accurate. We also present experimental findings from three classic experiments, namely, team production, gift exchange and tournament, using the task. All of the results are closely in line with the stylized facts from experiments using purely induced values. We conclude that the ball-catching task combines the advantages of real effort tasks with the use of induced values, which is useful for theory-testing purposes as well as for applications. Springer 2016-12-31 Article PeerReviewed application/pdf en cc_by https://eprints.nottingham.ac.uk/30093/9/Combining%20art%253A10.1007%252Fs10683-015-9465-9.pdf Gaechter, Simon, Huang, Lingbo and Sefton, Martin (2016) Combining ‘‘real effort’’ with induced effort costs: the ball-catching task. Experimental Economics, 19 (4). pp. 687-712. ISSN 1386-4157 Real effort task Piece-rate theory Team incentives Gift exchange Tournaments Online real effort experiment http://link.springer.com/article/10.1007/s10683-015-9465-9 doi:10.1007/s10683-015-9465-9 doi:10.1007/s10683-015-9465-9 |
| spellingShingle | Real effort task Piece-rate theory Team incentives Gift exchange Tournaments Online real effort experiment Gaechter, Simon Huang, Lingbo Sefton, Martin Combining ‘‘real effort’’ with induced effort costs: the ball-catching task |
| title | Combining ‘‘real effort’’ with induced effort costs:
the ball-catching task |
| title_full | Combining ‘‘real effort’’ with induced effort costs:
the ball-catching task |
| title_fullStr | Combining ‘‘real effort’’ with induced effort costs:
the ball-catching task |
| title_full_unstemmed | Combining ‘‘real effort’’ with induced effort costs:
the ball-catching task |
| title_short | Combining ‘‘real effort’’ with induced effort costs:
the ball-catching task |
| title_sort | combining ‘‘real effort’’ with induced effort costs:
the ball-catching task |
| topic | Real effort task Piece-rate theory Team incentives Gift exchange Tournaments Online real effort experiment |
| url | https://eprints.nottingham.ac.uk/30093/ https://eprints.nottingham.ac.uk/30093/ https://eprints.nottingham.ac.uk/30093/ |