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作者:Loomes, Graham; Pogrebna, Ganna
作者单位:University of Warwick; University of Warwick
摘要:The preference reversal phenomenon, a systematic disparity between people's valuations and choices, poses challenges for theory and policy. Using a very general formulation of probabilistic preferences, we show that the phenomenon is not mainly due to intransitive choice. We find a high degree of regularity within choice tasks and also within valuation tasks, but the two types of tasks appear to evoke very different cognitive processes, even when the experimental environment tries to minimise ...
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作者:Cettolin, Elena; Riedl, Arno
作者单位:Tilburg University; Maastricht University
摘要:Uncertain outcomes are an inevitable feature of policy choices and their public support often depends on their perceived justice. We theoretically and experimentally explore just allocations when recipients are exposed to certainty and uncertainty. In the experiment, uninvolved participants unequivocally choose to allocate resources equally between recipients, when there is certainty. In stark contrast, with uncertainty just allocations are widely dispersed and recipients exposed to higher deg...
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作者:Schoettner, Anja
作者单位:Humboldt University of Berlin
摘要:This paper studies optimal sales force compensation plans in a multiperiod moral-hazard model when the firm wants to implement high effort in every period but only obtains aggregate information on sales. The sales agent chooses effort each period after observing previous sales, and his incentive responsiveness might change over time. The paper derives conditions under which a linear incentive scheme-a pure commission-dominates a bonus plan and vice versa. A commission is optimal if the agent i...
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作者:Amini, Makan; Ekstrom, Mathias; Ellingsen, Tore; Johannesson, Magnus; Stromsten, Fredrik
作者单位:Stanford University; Norwegian School of Economics (NHH); Research Institute of Industrial Economics (IFN); Stockholm School of Economics
摘要:Failure to express minority views may distort the behavior of company boards, committees, juries, and other decision-making bodies. Devising a newexperimental procedure to measure such conformity in a judgment task, we compare the degree of conformity in groups with varying gender composition. Overall, our experiments offer little evidence that gender composition affects expression of minority views. A robust finding is that a subject's lack of ability predicts both a true propensity to accept...