Financial incentives don't get rid of bias? Prize for best answer.

Roko

I'm trying to better understand the relationship between incentivization and rationality, and it occurred to me that it is a "folk fact" around here that large financial incentives don't make cognitive biases go away.

However, I can't seem to find any papers that actually say this. It's not easy to google for (I have tried) so I wonder if the Less Wrong collective memory knows how to find the papers?

Is there a pattern to which biases go away with incentivization? Do we have at least 5 examples of biases that go away with incentivization and 5 examples that don't go away with incentivization?

As an incentive, I'll paypal $10 to the commenter whose answer is least biased and most useful.

However, I can't seem to find any papers that actually say this. It's not easy to google for (I have tried) so I wonder if the Less Wrong collective memory knows how to find the papers?

Is there a pattern to which biases go away with incentivization? Do we have at least 5 examples of biases that go away with incentivization and 5 examples that don't go away with incentivization?

As an incentive, I'll paypal $10 to the commenter whose answer is least biased and most useful.

I'm going to bounce a theory off you guys: the reason sports and entertainment have integrated faster than finance is because people care more about sports and entertainment.

I consider entertainment to be a field with a substantial degree of objective measurement because people are good at telling whether they've been entertained.

What is meant by "integrated" in this context?

3nerzhin16y

People choose entertainment for basically the same reasons they choose political opinions or other beliefs: social pressures, being part of a team. Entertainment has objective measurement because people directly change what it is that's being measured. If I decide that Iraq has weapons of mass destruction because I like the team that says so, I'm still wrong. If I decide that Nickelback is entertaining to me because people around me say the same thing, I become correct.