Incentive Systems for Risky Investment Decisions under Unknown Preferences : Ortner et al. Revisited

Ortner et al. (Manage. Account. Res. 36(1):43–50, 2017) propose the State-Contingent Relative Benefit Cost Allocation Scheme as an incentive system for risky investment decisions. The note at hand reveals the information distribution implicitly assumed within the framework of this study. Based on this information distribution, both simpler and more powerful ways to induce consistency exist

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Year of publication:	2019
Authors:	Schosser, Josef
Publisher:	[2019]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Investitionsentscheidung \| Investment decision \| Entscheidung unter Unsicherheit \| Decision under uncertainty \| Anreiz \| Incentives
Description of contents:	Abstract [papers.ssrn.com] ; Abstract [doi.org]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Games, 9(2018), Article 26 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 7, 2018 erstellt Volltext nicht verfügbar
Other identifiers:	10.2139/ssrn.2926654 [DOI]
Classification:	D82 - Asymmetric and Private Information ; G31 - Capital Budgeting; Investment Policy ; m46
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012902215