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  • 标题:The effect of incentive structure on search in the secretary problem
  • 本地全文:下载
  • 作者:Yu-Chin Hsiao ; Simon Kemp
  • 期刊名称:Judgment and Decision Making
  • 印刷版ISSN:1930-2975
  • 出版年度:2020
  • 卷号:15
  • 期号:1
  • 页码:82-92
  • 语种:English
  • 出版社:Society for Judgment and Decision Making
  • 摘要:We tested the effectiveness of performance-based incentive structures using three incentive structures --- commission base, best only and flat fee --- and two levels of context --- no context and house-selling --- in an experiment in which participants made decisions in a variant of the secretary problem. Key measures of performance were the amount of search and the rounds in which the very best (optimal) offer was chosen. We found that having a commission-based proportional incentive did not produce better performance than having a flat payment for any of the performance measures considered. However, another performance-based incentive --- the best only --- increased the length of their searches and led to more optimal offers. These results applied both when there was no context and when the context was selling a house.
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