The Effects of Effort and Intrinsic Motivation on Risky Choice

Volume: 22, Issue: 4, Pages: 477 - 502
Published: Nov 1, 2003
Abstract
People often need to trade off between the probability and magnitude of the rewards that they could earn for investing effort. The present paper proposes that the conjunction of two simple assumptions relating effort-induced reward expectations to prospect theory's value function provides a parsimonious theory that predicts that the nature of the required effort will have a systematic effect on such trade-offs. Using the case of frequency or...
Paper Details
Title
The Effects of Effort and Intrinsic Motivation on Risky Choice
Published Date
Nov 1, 2003
Volume
22
Issue
4
Pages
477 - 502
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