Kachelmeier, S.J., & Shehata, M. (1992). Examining risk preferences under high monetary incentives: Experimental evidence from the People's Republic of China. American Economic Review, 82, 1120-1141.
That's what my notes says was the famous experiment which tested some biases, I forget which, in China using offers of up to several months equivalent salary. Just a fast answer grabbed from my notes, I didn't try to Google or check notes for what the experiment was about.
EDIT: Paper here, seems to be about pricing some simple lotteries. http://decisions.epfl.ch/ExpFinance/readings/KachelmeierShehata.pdf
Thanks, I'll take a look and report.
I think that I'm going to split the prize for best comment between this and Vladimir_M's comment.
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.