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This Paper reports the results of an experimental parameter-free elicitation and decomposition of decision weights under uncertainty. Assuming cumulative prospect theory, utility functions were elicited for gains and losses at an individual level using the trade-off method. Then decision weights...
Persistent link: https://www.econbiz.de/10005792132
While confounding factors typically jeopardise the possibility of using observational data to measure peer effects, field experiments offer the possibility of obtaining clean evidence. In this Paper we measure the output of four randomly selected groups of individuals who were asked to fill...
Persistent link: https://www.econbiz.de/10005123943
The potential distortions of job-search incentives caused by unemployment benefits and their financing are well known … (incentives) and equity (insurance). This implies that an increase in both benefits and the tax rate up to some point may increase …
Persistent link: https://www.econbiz.de/10008677233
We examine the effect of single-sex classes on the pass rates, grades, and continued enrollment of students in a coeducational university. We randomly assign students to all-female, all-male, and coed classes and, therefore, get around the selection issues present in studies on single-sex...
Persistent link: https://www.econbiz.de/10011083520
Using a controlled experiment, we examine the role of nurture in explaining the stylized fact that women shy away from competition. Our subjects (students just under 15 years of age) attend publicly-funded single-sex and coeducational schools. We find robust differences between the competitive...
Persistent link: https://www.econbiz.de/10005082535
This Paper examines optimal incentives and performance measurement in a setting where an agent has specific knowledge … choice of performance measures and incentives depends on the agent’s knowledge, environmental risk, technological uncertainty …
Persistent link: https://www.econbiz.de/10005504471
A substantial body of research investigates the design of incentives in firms, yet less is known about incentives in …. Third, contrary to existing laboratory evidence, financial incentives do not crowd out intrinsic motivation in this setting. …
Persistent link: https://www.econbiz.de/10011083234
talented workers leads to an escalating reliance on performance pay and other high-powered incentives, thereby shifting effort … incentives downward in order to extract rents. More generally, as declining market frictions lead employers to compete more …, while inequality tends to rise monotonically. Bonus caps and income taxes can help restore balance in agents' incentives and …
Persistent link: https://www.econbiz.de/10011083769
scheme of incentives in a major government agency. The incentive scheme was based on teams and covered quantity and quality …
Persistent link: https://www.econbiz.de/10011084487
This paper explores the hypothesis that gender wage differentials arise from the interaction between the intra-household allocation of labour and the contractual relation between firms and workers in the presence of private information on workers’ labour market attachment. In our model, if...
Persistent link: https://www.econbiz.de/10005661843