Does It Matter Which Effort Task You Use? A Comparison of Four Effort Tasks When Agents Compete for a Prize

27 Pages Posted: 16 Apr 2015 Last revised: 25 Sep 2016

See all articles by Emanuela Lezzi

Emanuela Lezzi

University of Insubria - School of Economics

Piers Fleming

University of East Anglia (UEA) - School of Psychology; University of East Anglia (UEA) - Centre for Behavioural and Experimental Social Science (CBESS)

Daniel John Zizzo

University of Queensland - School of Economics

Date Written: April 15, 2015

Abstract

Effort tasks are commonly used to assess individual investment and performance in an experimental setting. Although the tasks used are diverse, they are typically intended to be equivalent as far as they aim to generalize beyond the specific task. We compare an induced value effort task and three real effort tasks in a contest game. Results show that there is no equivalence across tasks in relation to how risk attitude, anxiety and gender predict performance.

Keywords: effort tasks, experimental methodology, contests, induced value

JEL Classification: C72, C90, C91

Suggested Citation

Lezzi, Emanuela and Fleming, Piers and Zizzo, Daniel John, Does It Matter Which Effort Task You Use? A Comparison of Four Effort Tasks When Agents Compete for a Prize (April 15, 2015). Available at SSRN: https://ssrn.com/abstract=2594659 or http://dx.doi.org/10.2139/ssrn.2594659

Emanuela Lezzi (Contact Author)

University of Insubria - School of Economics ( email )

Via Ravasi 2
Varese, 21100
Italy

Piers Fleming

University of East Anglia (UEA) - School of Psychology ( email )

Norwich, Norfolk
United Kingdom

University of East Anglia (UEA) - Centre for Behavioural and Experimental Social Science (CBESS) ( email )

Daniel John Zizzo

University of Queensland - School of Economics ( email )

St Lucia
Brisbane, Queensland 4072
Australia

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