Showing 1 - 10 of 323
This paper studies the influence of information on entry choices in a competition with a controlled laboratory … experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition … productivity. Information on the opponent is a promising nudge to raise individuals' awareness towards the complexity of the …
Persistent link: https://www.econbiz.de/10013108628
The Peter Principle captures two stylized facts about hierarchies: first, promotions often placeemployees into jobs for which they are less well suited than for that previously held. Second,demotions are extremely rare...
Persistent link: https://www.econbiz.de/10005862318
The Australian Government launched the My School website in 2010 to provide standardised information about the quality … Victoria to estimate the effect of the publication of school quality information on property prices. We use a difference …-in-difference approach to estimate the causal effect of the release of information about high-quality and low-quality schools relative to …
Persistent link: https://www.econbiz.de/10012966818
This is the first paper to experimentally examine effects of information provision on beliefs about pecuniary and non … treatment. Taken together, this study highlights the relevance of information provision on pecuniary and non-pecuniary labor …
Persistent link: https://www.econbiz.de/10012859738
We consider an economy where individuals privately choose effort and trade competitively priced securities that pay off with effort-determined probability. We show that if insurance against a negative shock is sufficiently incomplete, then standard functional form restrictions ensure that...
Persistent link: https://www.econbiz.de/10013071425
We run a field experiment to investigate whether competing in rank-order tournaments with different prize spreads affects individual performance. Our experiment involved students from an Italian University who took an intermediate exam in which one part was awarded on the basis of their relative...
Persistent link: https://www.econbiz.de/10012995579
such a degree that it is in fact optimal for all non-experts to contribute their bits of information. A single individual … noise by holding back their information strongly and significantly increases …
Persistent link: https://www.econbiz.de/10012826744
information on the value of the IV. This leads to violation of the exclusion restriction. We analyze this in a dynamic economic …
Persistent link: https://www.econbiz.de/10012777599
We investigate the relationship between subjective probabilities of future stock market returns and decisions about stockholding. Specifically, we examine whether acting upon subjective probabilities is confined to individuals with high cognitive skills. We explore this question using data from...
Persistent link: https://www.econbiz.de/10013085047
The psychological basis for rank-dependent probability weighting, and for an inverse-S probability weighting function (PWF) in particular, has often been questioned. I examine the existence and shape of the PWF in a model allowing for optimism/pessimism over probability distributions and for...
Persistent link: https://www.econbiz.de/10012860507