Effort is Not a Monotonic Function of Skills

At the core of economic theory is the monotonicity hypothesis: an agent’s effort, as a function of their skills, is either non-decreasing or non-increasing, but not both. To test this hypothesis, the authors of this article, “Effort is not a monotonic function of skills: Results from a global mobile experiment,” used data from Blues and Reds, a mobile app designed to conduct economic experiments that consists of a series of interactive puzzles. Read more “Effort is Not a Monotonic Function of Skills” →