Incentive systems for risky investment decisions under unknown preferences : Ortner et al. revisited

Josef Schosser

Ortner et al. (Manage. Account. Res. 36(1):43–50, 2017) propose the State-Contingent Relative Benefit Cost Allocation Scheme as an incentive system for risky investment decisions. The note at hand reveals the information distribution implicitly assumed within the framework of this study. Based on this information distribution, both simpler and more powerful ways to induce consistency exist.

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Year of publication:	June 2018
Authors:	Schosser, Josef
Published in:	Games. - Basel : MDPI, ISSN 2073-4336, ZDB-ID 2527220-2. - Vol. 9.2018, 2/26, p. 1-4
Subject:	investment decision \| performance measure \| relative benefit cost allocation \| Theorie \| Theory \| Investitionsentscheidung \| Investment decision \| Performance-Messung \| Performance measurement \| Portfolio-Management \| Portfolio selection \| Prinzipal-Agent-Theorie \| Agency theory

Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Other identifiers:	10.3390/g9020026 [DOI] hdl:10419/179186 [Handle]
Classification:	D82 - Asymmetric and Private Information ; G31 - Capital Budgeting; Investment Policy ; m46
Source:	ECONIS - Online Catalogue of the ZBW

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