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Incentive magnitude effects in experimental games : bigger is not necessarily better
Pulford, Briony D.; Colman, Andrew M.; Loomes, Graham - In: Games 9 (2018) 1/4, pp. 1-10
In experimental games, task-related incentives are payments to experimental subjects that vary according to their strategy choices and the consequent outcomes of the games. Limited evidence exists regarding incentive magnitude effects in experimental games. We examined one-off strategy choices...
Persistent link: https://www.econbiz.de/10011848336
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Tournaments for the Endogenous Allocating of Prizes within Workteams - Theory and Experimental Evidence
Sutter, Matthias - 2004
We present a model where compensation within a workteam is determined endogenously by the use of a rank …
Persistent link: https://www.econbiz.de/10014072692
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How Much to Pay in Cash? Employee Retention via Stock Option
Gonzalez, Luis G.; Gurtoviy, Ruslan - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2008
We model deferred compensation as a share of an uncertain futureprofit granted by a financially constrained employer to … her employeein mutual agreement. Deferred compensation serves as a retentionmechanism, helping the employer to avoid …, the employer will to defer compensation (pay incash) to the employee. The employee always improves his position inthe …
Persistent link: https://www.econbiz.de/10005866781
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Individual or team decision-making –Causes and consequences of self-selection
Kocher, Martin; Strauß, Sabine; Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004
Even though decision-making in small teams is pervasive in business and in private life, littleis known about subjects’ preferences with respect to individual and team decision-making andabout the consequences of respecting these preferences. We report the results from anexperimental...
Persistent link: https://www.econbiz.de/10005866770
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The Decision Maker Matters: Individual versus Group Behaviour in Experimental Beauty-Contest Games
Kocher, Martin G.; Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004
Economics has devoted little attention so far as to whether the type of decision maker matters for economic decisions. However, many important decisions like those on monetary policy or a company’s business strategy are made by (small) groups rather than an individual. We compare behaviour of...
Persistent link: https://www.econbiz.de/10005866848
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Individual versus group behavior and the role of the decision making procedure in gift-exchange experiments
Kocher, Martin G.; Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002
We test for behavioral differences between groups and individuals in gift-exchange experiments. Related studies establish group behavior as typically closer to the game-theoretic equilibrium. We show that this result my depend crucially on the decision making procedure within groups. A novel...
Persistent link: https://www.econbiz.de/10005867021
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Competition and fatigue at work
Angelova, Vera; Giebe, Thomas; Ivanova-Stenzel, Radosveta - 2018
We study theoretically and experimentally the role of fatigue and recovery within a competitive work environment. At work, agents usually make their effort choice in response to competition and monetary incentives. At the same time, they have to take into account fatigue, which accumulates over...
Persistent link: https://www.econbiz.de/10011976073
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Are CEO's paid their marginal product? An empirical analysis of executive compensation and corporate performance.
Klinedinst, Mark - Volkswirtschaftliche Fakultät, … - 1991
The theory and reality of chief executive compensation is explored in this paper. The study here uses a panel of data …
Persistent link: https://www.econbiz.de/10009647264
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Choosing to compete: how different are girls and boys?
Booth, Alison L.; Nolen, Patrick J. - 2009
Using a controlled experiment, we examine the role of nurture in explaining the stylized fact that women shy away from competition. Our subjects (students just under 15 years of age) attend publicly-funded single-sex and coeducational schools. We find robust differences between the competitive...
Persistent link: https://www.econbiz.de/10010269334
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Choosing to compete : how different are girls and boys?
Booth, Alison L.; Nolen, Patrick - 2009
Using a controlled experiment, we examine the role of nurture in explaining the stylized fact that women shy away from competition. Our subjects (students just under 15 years of age) attend publicly-funded single-sex and coeducational schools. We find robust differences between the competitive...
Persistent link: https://www.econbiz.de/10003814309