Monetary versus grade incentives depending on personality traits: A field experiment on undergraduate students' performance
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Títol
Monetary versus grade incentives depending on personality traits: A field experiment on undergraduate students' performanceData de publicació
2023Editor
ElsevierISSN
2405-8440Cita bibliogràfica
HERRANZ-ZARZOSO, Noemí; SABATER-GRANDE, Gerardo. Monetary versus grade incentives depending on personality traits: A field experiment on undergraduate students’ performance. Heliyon, 2023, 9.5.Tipus de document
info:eu-repo/semantics/articleVersió
info:eu-repo/semantics/publishedVersionParaules clau / Matèries
Resum
This study aims to examine the role of personality on the effectiveness in improving students’
performance of two extrinsic incentives: monetary and grade incentives. To achieve this goal, we
conducted a randomized ... [+]
This study aims to examine the role of personality on the effectiveness in improving students’
performance of two extrinsic incentives: monetary and grade incentives. To achieve this goal, we
conducted a randomized field experiment in which students in a Microeconomics course were
offered the opportunity to participate in a practice test program, with no effects on the grade of
the course itself. In the call to participate, students were informed that participants would be
randomly assigned to one of two groups. Whereas in the control group students would not be
monetarily incentivized, participants assigned to the treatment group would be paid according to
their performance in the practice tests. In addition, we elicited the big five personality and risk
aversion traits of the participants (168 undergraduates). All subjects received grade incentives in
the later official course exam, in which no monetary incentives were offered. We used nonparametric tests to carry out both between-subjects and within-subjects performance comparisons. Controlling for potential confounding factors like students’ gender and academic record, our
OLS regressions indicate that although monetary incentives are effective in improving students’
performance in practice tests, their effect does not carry over to the course exam. Furthermore, we
find that the effectiveness of grade incentives (used in the course exam) on improvement as a
substitute for monetary incentives (adopted in practice tests), is higher the more conscientious the
students are. [-]
Publicat a
Heliyon, 2023, 9.5.Entitat finançadora
Ministerio de Ciencia e Innovación | Universitat Jaume I
Codi del projecte o subvenció
PID2021-123053OB-I00 | MCIN/AEI/10.13039/501100011033 | UJI-B2021-23
Drets d'accés
info:eu-repo/semantics/openAccess
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