Business Economics and Public Policy Papers

Document Type

Journal Article

Date of this Version

12-2015

Publication Source

Journal of Health Economics

Volume

44

Start Page

286

Last Page

299

DOI

10.1016/j.jhealeco.2015.09.007

Abstract

This study examines the impact of individually oriented, purely altruistic, and a hybrid of competitive and cooperative monetary reward incentives on older adults’ completion of cognitive exercises and cognitive function. We find that all three incentive structures approximately double the number of exercises completed during the six-week active experimental period relative to a no incentive control condition. However, the altruistic and cooperative/competitive incentives led to different patterns of participation, with significantly higher inter-partner correlations in utilization of the software, as well as greater persistence once incentives were removed. Provision of all incentives significantly improved performance on the incentivized exercises. However, results of an independent cognitive testing battery suggest no generalizable gains in cognitive function resulted from the training.

Copyright/Permission Statement

© 2015. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/

Keywords

cognitive exercises, incentives, social incentives, behavioral economics, health behaviors

Embargo Date

10-9-2017

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Date Posted: 27 November 2017

This document has been peer reviewed.