Instructions, feedback, praise, bonus payments, and teacher behavior1

Bonus Payments and Reference Point Violations

Bonus Payments and Reference Point Violations We investigate how bonus payments affect satisfaction and performance of managers in a large, multinational company. We find that falling behind a naturally occurring reference point for bonus comparisons reduces satisfaction and subsequent performance. The effects tend to be mitigated if information about one’s relative standing towards the referen...

Bonus Payments and Fund Managers’ Behavior: Trans-Atlantic Evidence

This questionnaire survey of fund managers in the United States, Germany and Switzerland documents a distinctly positive influence of bonus payments on investment behavior on both sides of the Atlantic. Higher bonus payments are significantly related to higher working effort but not to risk taking. They also seem to induce fund managers to rely more on fundamental information. Findings within r...

2012 rural Medicare Advantage quality ratings and bonus payments.

Key Data Findings. (1) The average rural Medicare Advantage (MA) plan enrollee in 2012 experienced a quality rating of 3.60 stars (of a potential 5.0), compared with a rating of 3.71 stars experienced by urban enrollees. (2) The measured rural-urban difference in the MA plan quality is a result of the difference in the composition of the enrollment and plan availability in MA markets, rather th...

Robust Incentive-Compatible Feedback Payments

Online reputation mechanisms need honest feedback to function efiectively. Self interested agents report the truth only when explicit rewards ofiset the cost of reporting and the potential gains that can be obtained from lying. Payment schemes (monetary rewards for submitted feedback) can make truth-telling rational based on the correlation between the reports of difierent clients. In this pape...

Corrective Feedback and Teacher Development