Cash or Non-Cash? Unveiling Ideators' Incentive Preferences in Crowdsourcing Contests
<|reference_start|>Cash or Non-Cash? Unveiling Ideators' Incentive Preferences in Crowdsourcing Contests: Even though research has repeatedly shown that non-cash incentives can be effective, cash incentives are the de facto standard in crowdsourcing contests. In this multi-study research, we quantify ideators' preferences for non-cash incentives and investigate how allowing ideators to self-select their preferred incentive -- offering ideators a choice between cash and non-cash incentives -- affects their creative performance. We further explore whether the market context of the organization hosting the contest -- social (non-profit) or monetary (for-profit) -- moderates incentive preferences and their effectiveness. We find that individuals exhibit heterogeneous incentive preferences and often prefer non-cash incentives, even in for-profit contexts. Offering ideators a choice of incentives can enhance creative performance. Market context moderates the effect of incentives, such that ideators who receive non-cash incentives in for-profit contexts tend to exert less effort. We show that heterogeneity of ideators' preferences (and the ability to satisfy diverse preferences with suitably diverse incentive options) is a critical boundary condition to realizing benefits from offering ideators a choice of incentives. We provide managers with guidance to design effective incentives by improving incentive-preference fit for ideators.<|reference_end|>
@article{riedl2024cash,
    title={Cash or Non-Cash? Unveiling Ideators' Incentive Preferences in
  Crowdsourcing Contests},
    author={Christoph Riedl, Johann F"uller, Katja Hutter, Gerard J. Tellis},
    journal={arXiv preprint arXiv:2404.01997},
    year={2024},
    archivePrefix={arXiv},
    eprint={2404.01997},
    primaryClass={cs.HC cs.GT}
}