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FinanceandEconomicsDiscussionSeriesFederalReserveBoard,Washington,D.C.ISSN1936-2854(Print)ISSN2767-3898(Online)DoesitPaytoSendMultiplePre-PaidIncentives?EvidencefromaRandomizedExperimentAndrewC.Chang,JoanneW.Hsu,EvaMa,KateBachtell,andMicahSjoblom2024-023Pleasecitethispaperas:Chang,AndrewC.,JoanneW.Hsu,EvaMa,KateBachtell,andMicahSjoblom(2024).“DoesitPaytoSendMultiplePre-PaidIncentives?EvidencefromaRandomizedExperi-ment,”FinanceandEconomicsDiscussionSeries2024-023.Washington:BoardofGovernorsoftheFederalReserveSystem,https://doi.org/10.17016/FEDS.2024.023.NOTE:StaffworkingpapersintheFinanceandEconomicsDiscussionSeries(FEDS)arepreliminarymaterialscirculatedtostimulatediscussionandcriticalcomment.TheanalysisandconclusionssetfortharethoseoftheauthorsanddonotindicateconcurrencebyothermembersoftheresearchstaffortheBoardofGovernors.ReferencesinpublicationstotheFinanceandEconomicsDiscussionSeries(otherthanacknowledgement)shouldbeclearedwiththeauthor(s)toprotectthetentativecharacterofthesepapers.DoesitPaytoSendMultiplePre-PaidIncentives?EvidencefromaRandomizedExperimentApril15,2024AndrewC.Chang,BoardofGovernorsoftheFederalReserveSystem,andrew.c.chang@frb.govJoanneW.Hsu,†UniversityofMichigan,jwhsu@umich.eduEvaMa,BoardofGovernorsoftheFederalReserveSystem,eva.ma@frb.govKateBachtell,NORCattheUniversityofChicago,bachtell-...