Question

How is TEAM EFFORT measured in behavioral economics experiments. Cite 5 journal articles.

Answer 1

The study of TEAM EFFORT provision in a controlled setting is a key research area in experimental economics. There are two major methodological paradigms in this literature: stated effort and real effort.

In the stated-effort paradigm the researcher uses an “effort function” that maps choices to outcomes.

In the real-effort paradigm, participants work on a task, and outcomes depend on their performance.

The advantage of the stated-effort design is the control the researcher has over the cost of effort, which is particularly useful when testing theory. The advantage of the real-effort design is that it may be a better match to the field environment, particularly with respect to psychological aspects that affect behavior.