Effects of peer pressure on endogenous goal setting and performance
We investigate whether peer pressure has effects on endogenous goal setting and performance. Subjects are recruited into an experiment where they have to complete a simple, real effort task where the output is perfectly observable. They are randomly assigned to any of the 3 groups (Control, Screen,...
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sg-ntu-dr.10356-766992019-12-10T11:58:58Z Effects of peer pressure on endogenous goal setting and performance Lim, Wee Meng Chua, Shannen Qi Shan Tan, Li Xuan Yan Jubo School of Social Sciences DRNTU::Social sciences::Economic theory DRNTU::Social sciences::Sociology::Social influence We investigate whether peer pressure has effects on endogenous goal setting and performance. Subjects are recruited into an experiment where they have to complete a simple, real effort task where the output is perfectly observable. They are randomly assigned to any of the 3 groups (Control, Screen, Announcement). The presence of comparison to other subjects in the group acts as a form of peer pressure to the subjects. Subjects are paid on a piece rate basis along with a bonus that increases monotonically with their performance when their goals are achieved. This incentivizes subjects to set challenging yet attainable goals that can heighten their performance to their maximum. We have 2 main results. Firstly, we find that the effects of peer pressure on endogenous goals are significant in males. Secondly, we find that individuals whose rankings range from middle to the last place are most likely to be positively affected by peer pressure. Bachelor of Arts in Economics 2019-04-04T06:55:12Z 2019-04-04T06:55:12Z 2019 Final Year Project (FYP) http://hdl.handle.net/10356/76699 en 36 p. application/pdf |
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DRNTU::Social sciences::Economic theory DRNTU::Social sciences::Sociology::Social influence Lim, Wee Meng Chua, Shannen Qi Shan Tan, Li Xuan Effects of peer pressure on endogenous goal setting and performance |
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We investigate whether peer pressure has effects on endogenous goal setting and performance. Subjects are recruited into an experiment where they have to complete a simple, real effort task where the output is perfectly observable. They are randomly assigned to any of the 3 groups (Control, Screen, Announcement). The presence of comparison to other subjects in the group acts as a form of peer pressure to the subjects. Subjects are paid on a piece rate basis along with a bonus that increases monotonically with their performance when their goals are achieved. This incentivizes subjects to set challenging yet attainable goals that can heighten their performance to their maximum. We have 2 main results. Firstly, we find that the effects of peer pressure on endogenous goals are significant in males. Secondly, we find that individuals whose rankings range from middle to the last place are most likely to be positively affected by peer pressure. |
author2 |
Yan Jubo |
author_facet |
Yan Jubo Lim, Wee Meng Chua, Shannen Qi Shan Tan, Li Xuan |
format |
Final Year Project |
author |
Lim, Wee Meng Chua, Shannen Qi Shan Tan, Li Xuan |
author_sort |
Lim, Wee Meng |
title |
Effects of peer pressure on endogenous goal setting and performance |
title_short |
Effects of peer pressure on endogenous goal setting and performance |
title_full |
Effects of peer pressure on endogenous goal setting and performance |
title_fullStr |
Effects of peer pressure on endogenous goal setting and performance |
title_full_unstemmed |
Effects of peer pressure on endogenous goal setting and performance |
title_sort |
effects of peer pressure on endogenous goal setting and performance |
publishDate |
2019 |
url |
http://hdl.handle.net/10356/76699 |
_version_ |
1681049864253734912 |