We investigate which form of “culture” is most effective in enhancing individual performance in creative tasks conducted in group settings. We present a series of experiments that test whether performance ranking and incentives succeed in instantiating a creative corporate culture. Being...

Excess entry refers to the high failure rate of new entrepreneurial ventures. Economic explanations suggest 'hit and run' entrants and risk-seeking behavior. A psychological explanation is that people (entrepreneurs) are overconfident in their abilities (Camerer & Lovallo, 1999). Characterizing...

The paper studies whether (and how) redistributive choices aim to reward others’ sacrifice of their own interest for the community’s sake and whether this introduces a trade-off between the willingness to reward cooperation and a pure meritocratic ideal. We design an online social preference...

The paper presents the results of a lab-in-the-field experiment in three South African townships located in the suburbs of Cape Town. The experimental design consists of a set of decisions on how the members of a naturally occurring group allocate an endowment to a private or to a public...