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Combining "real effort" with induced effort costs : the ball-catching task
Gächter, Simon; Huang, Lingbo; Sefton, Martin - 2015
provision are remarkably accurate. We also present experimental findings from three classic experiments, namely, team production …
Persistent link: https://www.econbiz.de/10010518803
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Intra-group heterogeneity in collective contests
Nitsan, Shemuʾel; Ueda, Kaoru - 2013
Collective contests are examined permitting heterogeneity of stakes within every competing group. Our first concern is whether unequal distribution of stakes in a group can enhance its win probability. Our second concern is whether a large stake in a group can be individually disadvantageous. We...
Persistent link: https://www.econbiz.de/10009700302
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Teams and tournaments in relational contracts
Kvaløy, Ola; Olsen, Trond - 2014
observable. A team incentive scheme, where each agent is paid a bonus for aggregate output above a threshold, is optimal in case … (a). The team's efficiency may increase considerably with size if outputs are negatively correlated. Under (b) a … performance. The two cases reveal that it may be optimal to organize production as a team where only aggregate output is …
Persistent link: https://www.econbiz.de/10010349864
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More effort with less pay : on information avoidance, belief design and performance
Huck, Steffen; Szech, Nora; Wenner, Lukas M. - 2015
In a tedious real effort task, subjects know that their piece rate is either low or ten times higher. When subjects are informed about their piece rate realization, they adapt their performance. One third of subjects nevertheless forego this instrumental information when given the choice - and...
Persistent link: https://www.econbiz.de/10011346303
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Testing the theory of multitasking : evidence from a natural field experiment in Chinese factories
Hong, Fuhai; Hossain, Tanjim; List, John A.; Tanaka, Migiwa - 2013
A well-recognized problem in the multitasking literature is that workers might substantially reduce their effort on tasks that produce unobservable outputs as they seek the salient rewards to observable outputs. Since the theory related to multitasking is decades ahead of the empirical evidence,...
Persistent link: https://www.econbiz.de/10010223046
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Signing distortions in optimal tax and other adverse selection problems with random participation
Jacquet, Laurence; Lehmann, Etienne; Van der Linden, Bruno - 2012
We develop a methodology to sign output distortions in the random participation framework. We apply our method to monopoly nonlinear pricing problem, to the regulatory monopoly problem and mainly to the optimal income tax problem. In the latter framework, individuals are heterogeneous across two...
Persistent link: https://www.econbiz.de/10009514775
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Selling dreams : endogenous optimism in lending markets
Bridet, Luc; Schwardmann, Peter - 2020
, the borrower's motivated cognition increases her material welfare, regardless of whether or not she ends up being …
Persistent link: https://www.econbiz.de/10012213062
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Excessive herding in the laboratory : the role of intuitive judgments
March, Christoph; Ziegelmeyer, Anthony - 2018
We designed four observational learning experiments to identify the key channels that, along with Bayes-rational inferences, drive herd behavior. In Experiment 1, unobserved, whose actions remain private, learn from the public actions made in turn by subjects endowed with private signals of...
Persistent link: https://www.econbiz.de/10011789104
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Skills, signals, and employability : an experimental investigation
Piopiunik, Marc; Schwerdt, Guido; Simon, Lisa; … - 2018
As skills of labor-market entrants are usually not directly observed by employers, individuals acquire skill signals. To study which signals are valued by employers, we simultaneously and independently randomize a broad range of skill signals on pairs of resumes of fictitious applicants among...
Persistent link: https://www.econbiz.de/10011789115
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Cognitive foundations of probability
Gilboa, Itzhak; Schmeidler, David - 1999
Persistent link: https://www.econbiz.de/10001416591