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Decision Initiation, Decision Implementation, and the Allocation of Decision Rights

Sloof, Randolph; von Siemens, Ferdinand - 2015

Organizations must not only take the right decisions, they must also ensure that these decisions are effectively implemented. Fama & Jensen (1983) argue that the same members of many organization are often responsible for both decision initiation and implementation. If these have social...

Persistent link: https://www.econbiz.de/10011388180

Illusion of Control and the Pursuit of Authority

Sloof, Randolph; von Siemens, Ferdinand - 2014

In a laboratory experiment, we measure subjects’ willingness to pay for a transparently useless decision right concerning the choice between two real effort tasks. We also elicit for each participant her change in beliefs about the likelihood of receiving her preferred task if she rather than...

Persistent link: https://www.econbiz.de/10010352380

The tradeoff between redistribution and effort: Evidence from the field and from the lab

Buch, Claudia M.; Engel, Christoph - 2012

Building on a theoretical model we test the hypothesis that effort choices and preferences for redistribution are simultaneously determined. Using cross-country panel data from the World Value Survey, we find that it is important to model preferences for redistribution and effort choices...

Persistent link: https://www.econbiz.de/10010281939

Generalized stochastic gradient learning

Evans, George W.; Honkapohja, Seppo; Williams, Noah - 2005

We study the properties of generalized stochastic gradient (GSG) learning in forward-looking models. We examine how the … conditions for stability of standard stochastic gradient (SG) learning both differ from and are related to E-stability, which … governs stability under least squares learning. SG algorithms are sensitive to units of measurement and we show that there is …

Persistent link: https://www.econbiz.de/10010261355