Achtziger, Anja, Alos-Ferrer, Carlos, Huegelschaefer, Sabine and Steinhauser, Marco (2015). Higher incentives can impair performance: neural evidence on reinforcement and rationality. Soc. Cogn. Affect. Neurosci., 10 (11). S. 1477 - 1484. OXFORD: OXFORD UNIV PRESS. ISSN 1749-5024
Full text not available from this repository.Abstract
Standard economic thinking postulates that increased monetary incentives should increase performance. Human decision makers, however, frequently focus on past performance, a form of reinforcement learning occasionally at odds with rational decision making. We used an incentivized belief-updating task from economics to investigate this conflict through measurements of neural correlates of reward processing. We found that higher incentives fail to improve performance when immediate feedback on decision outcomes is provided. Subsequent analysis of the feedback-related negativity, an early event-related potential following feedback, revealed the mechanism behind this paradoxical effect. As incentives increase, the win/lose feedback becomes more prominent, leading to an increased reliance on reinforcement and more errors. This mechanism is relevant for economic decision making and the debate on performance-based payment.
Item Type: | Journal Article | ||||||||||||||||||||
Creators: |
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URN: | urn:nbn:de:hbz:38-387841 | ||||||||||||||||||||
DOI: | 10.1093/scan/nsv036 | ||||||||||||||||||||
Journal or Publication Title: | Soc. Cogn. Affect. Neurosci. | ||||||||||||||||||||
Volume: | 10 | ||||||||||||||||||||
Number: | 11 | ||||||||||||||||||||
Page Range: | S. 1477 - 1484 | ||||||||||||||||||||
Date: | 2015 | ||||||||||||||||||||
Publisher: | OXFORD UNIV PRESS | ||||||||||||||||||||
Place of Publication: | OXFORD | ||||||||||||||||||||
ISSN: | 1749-5024 | ||||||||||||||||||||
Language: | English | ||||||||||||||||||||
Faculty: | Unspecified | ||||||||||||||||||||
Divisions: | Unspecified | ||||||||||||||||||||
Subjects: | no entry | ||||||||||||||||||||
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URI: | http://kups.ub.uni-koeln.de/id/eprint/38784 |
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