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A simple principal agent problem is experimentally investigated in which a principal repeatedly sets a wage and an agent responds by choosing an effort level. The principal's payoff is determined by the agent's effort. In a first setting the principal can only set a fixed wage in each period. In...
Persistent link: https://www.econbiz.de/10003115144
Persistent link: https://www.econbiz.de/10002071958
Analyzing the neutrality of referees during twelve German premier league (1st Bundesliga) football seasons, this paper documents evidence that social forces influence agents' preferences and decisions. Those, who are appointed to be impartial, tend to favor the home team as they systematically...
Persistent link: https://www.econbiz.de/10002805382
Economic research on gender gaps has focused on variation based on the binary classification of "men" and "women". We explore whether a self-reported continuous measure of gender identity (CGI) explains variation in economic decisions and outcomes beyond the relationship with binary gender. We...
Persistent link: https://www.econbiz.de/10015162761
from two studies and three distinct decision tasks, we present data on over 1100 participants documenting the confirmation …
Persistent link: https://www.econbiz.de/10013286207
Using data from the long-running German Socio-Economic Panel (SOEP) 1984-2008, this paper analyses the effects of individual preferences and choices on subjective well-being (SWB). It is shown that preferences and choices relating to life goals/values, partner’s personality, hours of work,...
Persistent link: https://www.econbiz.de/10003966917
We examine the strategic sophistication of adolescents, aged 10 to 17 years, in experimental normal-form games. Besides making choices, subjects have to state their first- and second-order beliefs. We find that choices are more often a best reply to beliefs if any player has a dominant strategy...
Persistent link: https://www.econbiz.de/10003987136
20.1% of shared moving desires lead to a subsequent move. -- residential mobility ; household decision making ; moving …
Persistent link: https://www.econbiz.de/10009235588
economics and public policy. We conducted a laboratory experiment to investigate the effects of stress on financial decision …
Persistent link: https://www.econbiz.de/10010337421
This paper estimates the propensity to retire and the persistence of remaining retired once the decision to retire has … substitution effect of earned income is negative, thus decreasing the retirement probability. The retirement decision is strongly … state persistent for up to three years after the initial retirement decision and the state persistence of retirement is …
Persistent link: https://www.econbiz.de/10010239270