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Consistency in organization (updated)
Schlicht, Ekkehart - 2011
Internal organization relies heavily on psychological consistency requirements. This thought has been emphasized in modern compensation theory, but has not been extended to organization theory. The perspective sheds new light on several topics in the theory of the firm, like the boundaries of...
Persistent link: https://www.econbiz.de/10010278547
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Consistency in Organization (updated)
Schlicht, Ekkehart - Institute for the Study of Labor (IZA) - 2011
Internal organization relies heavily on psychological consistency requirements. This thought has been emphasized in modern compensation theory, but has not been extended to organization theory. The perspective sheds new light on several topics in the theory of the firm, like the boundaries of...
Persistent link: https://www.econbiz.de/10009251371
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Self-Confidence and Reactions to Subjective Performance Evaluations
Bellemare, Charles; Sebald, Alexander - 2019
Subjective performance evaluations are commonly used to provide feedback and incentives to workers. However, such evaluations can generate significant disagreements and conflicts, the severity of which may be driven by many factors. In this paper we show that a workers' level of self-confidence...
Persistent link: https://www.econbiz.de/10012005916
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On the Optimal Size of a Joint Savings Association
Stark, Oded; Budzinski, Wiktor; Jakubek, Marcin; … - 2022
We develop a formula for the optimal size of a joint savings association between individuals who share the same financial goal and who can save towards that goal at the same rate. Our motivating example and the core of our analysis is a Rotating Savings and Credit Association (ROSCA). We measure...
Persistent link: https://www.econbiz.de/10013351922
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Rules, Preferences and Evolution from the Family Angle
Cigno, Alessandro - 2021
This paper reviews the literature concerning the evolution of cultural traits in general and preferences in particular, and the emergence and persistence of rules or norms, from a family perspective. In models where every new person is effectively the clone of an existing one (either a parent or...
Persistent link: https://www.econbiz.de/10012658200
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Turning Relative Deprivation into a Performance Incentive Device
Stark, Oded; Kosiorowski, Grzegorz - 2021
The inclination of individuals to improve their performance when it lags behind that of others with whom they naturally compare themselves can be harnessed to optimize the individuals' effort in work and study. In a given set of individuals, we characterize each individual by his relative...
Persistent link: https://www.econbiz.de/10012497951
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An Optimal Split of School Classes
Stark, Oded - 2021
In many countries, schools have responded to the COVID-19 pandemic by splitting up classes. While the purpose of dividing classes is clearly health-related, the process of doing so poses an interesting question: what is the best way to divide a class so as to maximize the incentive for students...
Persistent link: https://www.econbiz.de/10012597583
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The Future Economics of Artificial Intelligence: Mythical Agents, a Singleton and the Dark Forest
Naudé, Wim - 2022
This paper contributes to the economics of AI by exploring three topics neglected by economists: (i) the notion of a … in a Dark Forest universe; and (iii) the relevance of economics' Mythical Agent (homo economicus) for the design of value …-aligned AI-systems. From the perspective of expected utility maximization, which both the fields of AI and economics share, these …
Persistent link: https://www.econbiz.de/10013470476
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Artificial Intelligence and the Economics of Decision-Making
Naudé, Wim - 2023
Artificial Intelligence (AI) scientists are challenged to create intelligent, autonomous agents that can make rational decisions. In this challenge, they confront two questions: what decision theory to follow and how to implement it in AI systems. This paper provides answers to these questions...
Persistent link: https://www.econbiz.de/10014296744
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Recent advances in the economics of individual subjective well-being
Stutzer, Alois; Frey, Bruno S. - 2010
stimulus to the discourse on individual happiness. Recently this research has also been linked to economics where reported … provides a new possibility for the complementary testing of theories across fields in economics. Third, we inquire how the … insights gained from the study of individual happiness in economics affect public policy. …
Persistent link: https://www.econbiz.de/10010269838