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experiment with more than 6000 subjects, including a subsample of 267 consultants from an international consulting firm. We also …) in the context of herding.-- information cascades ; herding ; network effects ; experiment ; internet …
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This paper combines ISSP survey data and experimental evidence from a gift-exchange game to determine the effect of status or relative income on work effort. We find a strong effect of others’ incomes on individual effort decisions in both datasets. The individual’s rank in the income...
Persistent link: https://www.econbiz.de/10005112715