Format

Send to

Choose Destination
PLoS One. 2017 Apr 21;12(4):e0175738. doi: 10.1371/journal.pone.0175738. eCollection 2017.

Feedback and efficient behavior.

Author information

1
Department of Economics, Management, and Quantitative Methods, University of Milan, Milan, Italy.
2
School of Social Sciences, University of Trento, Trento, Italy.
3
Department of Economics, University of Trento, Trento, Italy.
4
Department of Economics, University of Amsterdam, Amsterdam, Netherlands.

Abstract

Feedback is an effective tool for promoting efficient behavior: it enhances individuals' awareness of choice consequences in complex settings. Our study aims to isolate the mechanisms underlying the effects of feedback on achieving efficient behavior in a controlled environment. We design a laboratory experiment in which individuals are not aware of the consequences of different alternatives and, thus, cannot easily identify the efficient ones. We introduce feedback as a mechanism to enhance the awareness of consequences and to stimulate exploration and search for efficient alternatives. We assess the efficacy of three different types of intervention: provision of social information, manipulation of the frequency, and framing of feedback. We find that feedback is most effective when it is framed in terms of losses, that it reduces efficiency when it includes information about inefficient peers' behavior, and that a lower frequency of feedback does not disrupt efficiency. By quantifying the effect of different types of feedback, our study suggests useful insights for policymakers.

PMID:
28430787
PMCID:
PMC5400271
DOI:
10.1371/journal.pone.0175738
[Indexed for MEDLINE]
Free PMC Article

Supplemental Content

Full text links

Icon for Public Library of Science Icon for PubMed Central
Loading ...
Support Center