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A note on coupled lotteries
Adam, Marc T.P.; Kroll, Eike B.; Teubner, Timm - In: Economics Letters 124 (2014) 1, pp. 96-99
We study the impact of coupling a decision maker’s lottery payoffs to those of a peer on the preferred level of risk by means of a lab experiment. Compared to the benchmark where the lotteries are paid off individually, symmetrically coupled payoffs increase the willingness to take risks,...
Persistent link: https://www.econbiz.de/10010784994
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Do M&A lawsuits discipline managers' investment behavior?
Bourveau, Thomas; Brochet, François; Michael, Spira, Sven - 2014
governance mechanism by disciplining managers' investment decisions. In the two years following an M&A lawsuit (a lawsuit where … peer firms respond to the increased litigation risk by reducing abnormally high investment expenditures. Finally, the … industry-wide deterrence effect on firms' suboptimal investment behavior …
Persistent link: https://www.econbiz.de/10010501385
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Social preference and social welfare under risk and uncertainty
Mongin, Philippe; Pivato, Marcus - 2015
theory and welfare economics, which are restricted to the certainty case, with Harsanyi's pathbreaking attempt at extending …
Persistent link: https://www.econbiz.de/10010504022