Linked by Thom Holwerda on Mon 2nd Jan 2012 19:12 UTC
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Member since:
2010-03-08
For big and small salaries, the experiment I heard about was based on a classical psychology test called the candle problem (https://en.wikipedia.org/wiki/The_Candle_Problem). Basically, they take a large group of persons and give each some amount of money to solve that problem. The intellectual performance is evaluated using criteria such as mean total time spent to solve the problem, and then statisticians look for correlation between salary and problem solving performance.
But it does seem to be a controlled enough experiment to offer valuable results as far as the intrinsic value of an incentive goes.
Now, as for interpretations, I'm sure that each school of modern psychology has its own
Edited 2012-01-04 15:54 UTC