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, risk aversion and preferred bonus scheme (team or individual). Standard economics make a strong prediction in this case … this preference is risk aversion. The economic model predicts the case at hand fairly well. Relative work place … productivity is strongly associated with a preference for individual bonuses, and risk aversion is associated with a preference for …
Persistent link: https://www.econbiz.de/10010279373
, risk aversion and preferred bonus scheme (team or individual). The economic model makes a strong prediction in this case … preference is risk aversion. Workers lagging behind the team average should vote for a team bonus. The economic model predicts … individual bonuses, and risk aversion is associated with a preference for a team bonus. There is, however, one noticeable …
Persistent link: https://www.econbiz.de/10010818927
, risk aversion and preferred bonus scheme (team or individual). Standard economics make a strong prediction in this case … this preference is risk aversion. The economic model predicts the case at hand fairly well. Relative work place … productivity is strongly associated with a preference for individual bonuses, and risk aversion is associated with a preference for …
Persistent link: https://www.econbiz.de/10009371336
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People care a great deal about their relative economic position and not solely about their absolute economic position. However, behavioral evidence is rare. This paper provides evidence on how the relative income position affects professional sports performances. Our analysis suggests that if a...
Persistent link: https://www.econbiz.de/10014218388
We consider the cost of providing incentives using tournaments when workers are inequity averse and performance evaluation is costly. The principal never benefits from empathy to align incentives in a moral hazard framework between the workers, but he may benefit from their propensity for envy...
Persistent link: https://www.econbiz.de/10014084767
, driven by the rate of risk aversion. However, for a reasonable choice of the rate of risk aversion, rich countries are shown … assumptions about the rate of risk and inequity aversion. Estimates of the consumption rate of inequity aversion for recent data …
Persistent link: https://www.econbiz.de/10013142761
, risk aversion and preferred bonus scheme (team or individual). Standard economics make a strong prediction in this case … this preference is risk aversion. The economic model predicts the case at hand fairly well. Relative work place … productivity is strongly associated with a preference for individual bonuses, and risk aversion is associated with a preference for …
Persistent link: https://www.econbiz.de/10013117787