Financial Incentives

Definition

Financial incentives refer to rewards or payments given to individuals as motivation for participating in a study or performing a specific task.

Related terms

Extrinsic Motivation:

Extrinsic motivation refers to being driven by external factors, such as rewards or punishments.

Intrinsic Motivation:

Intrinsic motivation refers to being driven by internal factors, such as personal interest or enjoyment.

Ethics:

Ethics pertains to moral principles and guidelines that govern the conduct of individuals and organizations.