Search Results - subject:"differing priors"

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Disagreement and informal delegation in organizations

Ekinci, Emre; Theodoropoulos, Nikolaos - Panepistēmio Kypru / Department of Economics - 2019

Persistent link: https://www.econbiz.de/10012105983

Disagreement and informal delegation in organizations

Ekinci, Emre; Theodoropoulos, Nikolaos - In: International journal of industrial organization 74 (2021), pp. 1-20

Persistent link: https://www.econbiz.de/10012802456

The Limits of Authority: Motivation versus Coordination

Van den Steen, Eric - Sloan School of Management, Massachusetts Institute of … - 2007

differing priors - motivation and coordination impose conflicting demands on the allocation of authority, leading to a trade … applied to differing priors - that his own decisions are better than those of the principal, delegation will motivate him to … course of action. The paper shows that - with differing priors - the firm needs to rely more on authority (as opposed to …

Persistent link: https://www.econbiz.de/10005587478

On the Origin of Shared Beliefs (and Corporate Culture)

Van den Steen, Eric - Sloan School of Management, Massachusetts Institute of … - 2005

This paper shows why members of an organization often share similar beliefs. I argue that there are two mechanisms. First, when performance depends on making correct decisions, people prefer to work with others who share their beliefs and assumptions, since such others 'will do the right thing'....

Persistent link: https://www.econbiz.de/10005750583

Organizational Beliefs and Managerial Vision

Van den Steen, Eric - Sloan School of Management, Massachusetts Institute of … - 2003

This paper studies, in a world with differing priors, the role of organizational beliefs and managerial vision in the …

Persistent link: https://www.econbiz.de/10005458597

Overconfidence by Bayesian-Rational Agents

Steen, Eric Van den - In: Management Science 57 (2011) 5, pp. 884-896

This paper derives two mechanisms through which Bayesian-rational individuals with differing priors will tend to be …

Persistent link: https://www.econbiz.de/10009204601

Culture Clash: The Costs and Benefits of Homogeneity

Steen, Eric Van den - In: Management Science 56 (2010) 10, pp. 1718-1738

This paper develops an economic theory of the costs and benefits of corporate culture--in the sense of shared beliefs and values--in order to study the effects of "culture clash" in mergers and acquisitions. I first use a simple analytical framework to show that shared beliefs lead to more...

Persistent link: https://www.econbiz.de/10009213998