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The Foundations of Positive and Normative EconomicsA Hand Book$
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Andrew Caplin and Andrew Schotter

Print publication date: 2008

Print ISBN-13: 9780195328318

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780195328318.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 22 October 2021

Researcher Incentives and Empirical Methods

Researcher Incentives and Empirical Methods

(p.300) Chapter 13 Researcher Incentives and Empirical Methods
The Foundations of Positive and Normative Economics


Oxford University Press

The notion of incentives is a concept rarely undermined in the context of economics because this plays no small part in explaining behavior: the occurrences of a certain act or behavior would rise if the returns attributed to this act would rise as well. It is believed that presenting the right incentives would bring out the best results and behaviors from human beings. However, economic models are intended to not account for the individual selflessness of those who come up with said models. Although there exists a small collection of literature that would assert otherwise and which investigates how researcher initiative affects statistical results, the only significant impact is the uncertainty regarding the significance of the results. In this chapter, ten points are introduced regarding issues of researcher incentives and statistical analysis that focus on how researcher initiative should be accepted as a norm.

Keywords:   incentives, behavior, individual selflessness, statistical analysis, researcher initiative

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