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What can the Big Five Personality Factors contribute to explain Small-Scale Economic Behavior?

Muller, Julia; Schwieren, Christiane - Tinbergen Instituut - 2012

Growing interest in using personality variables in economic research leads to the question whether personality as … measured by psychology is useful to predict economic behavior. Is it reasonable to expect values on personality scales to be … predictive of behavior in economic games? It is undoubted that personality can influence large-scale economic outcomes. Whether …

Persistent link: https://www.econbiz.de/10011256055

A Cognitive Approach to Organizational Complexity

Fioretti, Guido; Visser, Bauke - Tinbergen Instituut - 2004

Organizational theory has construed complexity as an objective characteristic of either the structure or the behaviour …

Persistent link: https://www.econbiz.de/10011257510

Social Relations and Relational Incentives

Dur, Robert; Tichem, Jan - Tinbergen Instituut - 2012

This paper studies how social relationships between managers and employees affect relational incentive contracts. To this end we develop a simple dynamic principal-agent model where both players may have feelings of altruism or spite toward each other. The contract may contain two types of...

Persistent link: https://www.econbiz.de/10011255564

The Rationality behind Immigration Preferences

Dalen, Hendrik P. van; Henkens, Kène - Tinbergen Instituut - 2004

What drives stated preferences about the number of foreigners? Is it self-interest as stressed by the political economy of immigration? Does social interaction affect this preference or is the immigration preference completely in line with the preference for the aggregate population size? In...

Persistent link: https://www.econbiz.de/10011255797

Does Accessibility to Higher Education matter? Choice Behavior of High School Graduates in the Netherlands

Sá, Carla; Florax, Raymond J.G.M.; Rietveld, Piet - Tinbergen Instituut - 2004

This paper identifies pivotal factors behind individual decision-making in the transition from high school to post-secondary education in the Netherlands. We apply a multinomial logit framework to individual data on post-secondary education choices. Specifically, our modeling approach...

Persistent link: https://www.econbiz.de/10011256650

Social Relations, Incentives, and Gender in the Workplace

Onemu, Okemena - Tinbergen Instituut - 2014

Gender differences in preferences regarding social relationships and competitive environments are well documented in psychology and economics. Research also shows that social relationships and competition among co-workers are affected by the incentive schemes workers are exposed to. We combine...

Persistent link: https://www.econbiz.de/10011256739

Social Interaction, Co-Worker Altruism, and Incentives

Dur, Robert; Sol, Joeri - Tinbergen Instituut - 2008

Social interaction with colleagues is an important job attribute for many workers. To attract and retain workers, managers therefore need to think about how to create and preserve high-quality co-worker relationships. This paper develops a principal-multi-agent model where agents do not only...

Persistent link: https://www.econbiz.de/10011257180

Bertrand Price Competition in a Social Environment

Tieman, Xander F.; Laan, Gerard van der; Houba, Harold - Tinbergen Instituut - 1996

This discussion paper resulted in a publication in De Economist (2001). Volume 149, p. 33-51. In this paper the behavior of producers in a social environment is considered from a more sociological point of view than is usually done in economics. The producers play Bertrand price competition...

Persistent link: https://www.econbiz.de/10011257473

Heterogeneous Agent Models in Economics and Finance

Hommes, Cars H. - Tinbergen Instituut - 2005

This paper surveys work on dynamic heterogeneous agent models (HAMs) in economics and finance. Emphasis is given to simple models that, at least to some extent, are tractable by analytic methods in combination with computational tools. Most of these models are behavioral models with boundedly...

Persistent link: https://www.econbiz.de/10011255802

Kahneman and Tversky and the Origin of Behavioral Economics

Heukelom, Floris - Tinbergen Instituut - 2007

Kahneman and Tversky and their behavioral economics stand in a long tradition of applying mathematics to human behavior. In the seventeenth century, attempts to describe rational behavior in mathematical terms run into problems with the formulation of the St. Petersburg paradox. Bernoulli’s...

Persistent link: https://www.econbiz.de/10011256192