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In this paper, we analyze a principal's optimal feedback policy in tournaments. We close a gap in the literature by … assuming the principal to be unable to commit to a certain policy at the beginning of the tournament. Our analysis shows that …
Persistent link: https://www.econbiz.de/10013316760
The market for retail financial products (e.g. investment funds or insurance) is marred by information asymmetries. Clients are not well informed about the quality of these products. They have to rely on the recommendations of advisors. Incentives of advisors and clients may not be aligned, when...
Persistent link: https://www.econbiz.de/10011530065
Persistent link: https://www.econbiz.de/10009778311
study such preferences in a laboratory experiment by eliciting the willingness-to-pay to receive or to avoid verbal feedback …Depending on the context at hand, people's preference for receiving feedback might differ. Especially in allocation … decisions that directly concern another individual, feedback from the affected person can have positive or negative value. We …
Persistent link: https://www.econbiz.de/10012169494
)honest behaviour from other possible sources of influence. Second, to my best knowledge this is the first experiment which investigates …
Persistent link: https://www.econbiz.de/10014144845
In games with strategic complementarities, public information about the state of the world has a larger impact on equilibrium actions than private information of the same precision, because the former is more informative about the likely behavior of others. This may lead to welfare-reducing...
Persistent link: https://www.econbiz.de/10009787097
experiment that varies freelance professionals’ incentives to attract attention about scientific findings, with several online …
Persistent link: https://www.econbiz.de/10015402019
The market for retail financial products (e.g. investment funds or insurances) is marred by information asymmetries. Clients are not well informed about the quality of these products. They have to rely on the recommendations of advisors. Incentives of advisors and clients may not be aligned,...
Persistent link: https://www.econbiz.de/10009515366
We investigate the elasticity of moral ignorance with respect to monetary incentives and social norm information. We propose that individuals suffer from higher moral costs when rejecting a certain donation, and thus pay for moral ignorance. Consistent with our model, we find significant...
Persistent link: https://www.econbiz.de/10011987011
We investigate the elasticity of moral ignorance with respect to monetary incentives and social norm information. We propose that individuals suffer from higher moral costs when rejecting a certain donation, and thus pay for moral ignorance. Consistent with our model, we find significant...
Persistent link: https://www.econbiz.de/10011993589