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Use and Abuse of Authority - A Behavioral Foundation of the Employment Relation

Bartling, Björn - 2013

Employment contracts give a principal the authority to decide flexibly which task his agent should execute. However, there is a tradeoff, first pointed out by Simon (1951), between flexibility and employer moral hazard. An employment contract allows the principal to adjust the task quickly to...

Persistent link: https://www.econbiz.de/10013087744

The Ambiguity Triangle : Uncovering Fundamental Patterns of Behavior Under Uncertainty

Burghart, Daniel - 2015

The probability triangle (also called the Marschak-Machina triangle) allows for compact and intuitive depictions of risk preferences. Here, we develop an analogous tool for choice under uncertainty – the ambiguity triangle – and show that indifference curves in this triangle capture...

Persistent link: https://www.econbiz.de/10013019415

The Intrinsic Value of Decision Rights

Bartling, Björn; Fehr, Ernst; Herz, Holger - 2021

Philosophers, psychologists, and economists have long argued that certain decision rights carry not only instrumental value but may also be valuable for their own sake. The ideas of autonomy, freedom, and liberty derive their intuitive appeal – at least partly – from an assumed positive...

Persistent link: https://www.econbiz.de/10013315775

The Development of Egalitarianism, Altruism, Spite and Parochialism in Childhood and Adolescence

Fehr, Ernst; Glätzle-Rützle, Daniela; Sutter, Matthias - 2021

We study how the distribution of other-regarding preferences develops with age. Based on a set of allocation choices, we can classify each of 717 subjects, aged 8 to 17 years, as either egalitarian, altruistic, or spiteful. Varying the allocation recipient as either an in-group or an out-group...

Persistent link: https://www.econbiz.de/10013316068

Use and Abuse of Authority - A Behavioral Foundation of the Employment Relation

Bartling, Björn; Fehr, Ernst; Schmidt, Klaus - CESifo - 2013

Persistent link: https://www.econbiz.de/10010604419

The Many Faces of Human Sociality : Uncovering the Distribution and Stability of Social Preferences

Bruhin, Adrian - 2016

There is vast heterogeneity in the human willingness to weigh others' interests in decision making. This heterogeneity raises the question how one can parsimoniously model and characterize heterogeneity across several dimensions of social preferences while still being able to predict behavior...

Persistent link: https://www.econbiz.de/10012997075

The Intrinsic Value of Decision Rights

Bartling, Björn; Fehr, Ernst; Herz, Holger - CESifo - 2013

Persistent link: https://www.econbiz.de/10010660133

The Development of Egalitarianism, Altruism, Spite and Parochialism in Childhood and Adolescence

Fehr, Ernst; Rützler, Daniela; Sutter, Matthias - CESifo - 2011

Persistent link: https://www.econbiz.de/10008853854

Revealed Preferences in a Sequential Prisoners' Dilemma : A Horse-Race between Six Utility Functions

Miettinen, Topi - 2020

We experimentally investigate behavior and beliefs in a sequential prisoner's dilemma. Each subject had to choose an action as first mover and a conditional action as second mover. All subjects also had to state their beliefs about others' second-mover choices. Using these elicited beliefs, we...

Persistent link: https://www.econbiz.de/10012854501

A Nation-Wide Laboratory. Examining Trust and Trustworthiness by Integrating Behavioral Experiments into Representative Survey

Fehr, Ernst; Fischbacher, Urs; Rosenbladt, Bernhard von; … - CESifo - 2003

the power of our approach with the analysis of trust and trustworthiness in Germany bycombining representative survey data … people’s trust correlate well with behaviorally exhibited trust in the experiment. People above the age of 65, highly skilled … the Social Democratic Party or the Christian Democratic Party exhibit more trust. People above the age of 65 and those in …

Persistent link: https://www.econbiz.de/10005766135