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I start this contribution with an overview of my personal involvement—as an Operations Research consultant—in several engineering case-studies that may raise ethical questions; these case studies employ simulation models. Next, I present an overview of the recent literature on ethical issues...
Persistent link: https://www.econbiz.de/10011090533
This paper estimates the price of ethics by studying the risk-return relation in socially responsible investment (SRI …) funds. Consistent with investors paying a price for ethics, SRI funds in many European and Asia-Pacific countries strongly …. SRI funds do not suffer a cost of reduced selectivity nor do SRI funds managers time the market. There is mixed evidence …
Persistent link: https://www.econbiz.de/10011090741
actions, it has not examined SCAs, and has not examined external discipline and the managers's future employment prospects …
Persistent link: https://www.econbiz.de/10011092569
Abstract: Little is known about how different bonus schemes affect traders’ propensity to trade and which bonus schemes improve traders’ performance. We study the effects of linear versus threshold (convex) bonus schemes on traders’ behavior. Traders purchase and sell shares in an...
Persistent link: https://www.econbiz.de/10011090328
AMS Classifications: 91A06; 91A10; 91A12
Persistent link: https://www.econbiz.de/10011092002
)) associate the externality problem with efficiency.This paper focuses explicitly on the compensation problem in the context of …: primeval games.These games are used to design normative compensation rules for the underlying compensation problems: the …
Persistent link: https://www.econbiz.de/10011092522
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Income expectations play a central role in household decision making. In the life cycle model for example, consumption and savings decisions reflect expectations of future income. In empirical applications where direct information on expectations is not available, it is usually assumed that...
Persistent link: https://www.econbiz.de/10011090739
There are many pathways explaining the relationship between socioeconomic status and health; one possibility is that some normally unobservable characteristic causes people to invest both in their financial well-being and their health. Here we consider the possibility that the decision making...
Persistent link: https://www.econbiz.de/10011090753