OxTalks will soon move to the new Halo platform and will become 'Oxford Events.' There will be a need for an OxTalks freeze. This was previously planned for Friday 14th November – a new date will be shared as soon as it is available (full details will be available on the Staff Gateway).
In the meantime, the OxTalks site will remain active and events will continue to be published.
If staff have any questions about the Oxford Events launch, please contact halo@digital.ox.ac.uk
Creativity is economically important, but is one of many goals in a typical busi- ness environment. A crucial question facing firms is how direct financial incentives on creativity affect performance in other goals. I use an experiment where participants complete a novel task that can vary in two dimensions (creativity and cost efficiency), and face pay-for-performance incentives specific to one dimension only. Using a novel content-based measure of creativity, I find that creativity-specific incentives have positive direct effects, with no evidence of negative spillover effects on cost efficiency. I develop a framework that describes how individuals search the two-dimensional space for optimal solutions, and use it to estimate parameters related to search behaviour, allowing for unrestricted heterogeneity across individuals. The willingness to experiment is a key factor in explaining variations in creativity, whether it is measured via personality traits related to risk-taking and experimentation, or via estimated parameters from my model. Both the reduced-form and structural estimation results suggest that when there are other goals besides creativity, intermediate levels of experimentation are optimal.