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A man is a key subject of economics. “A man is irrational” - this opinion can be made from Allais paradox, risk …
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With a market entry game inspired by Camerer and Lovallo (1999), we study the attitudes of junior and senior employees towards strategic uncertainty and competition. Seniors exhibit higher entry rates compared to juniors, especially when the market capacity is not too low or when earnings from...
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stereotype of risk averse and less competitive older employees. …
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