We develop a dynamic model of board decision-making. We show that a board could retain a policy all directors agree is … long director tenure can exacerbate deadlock. Moreover, we rationalize why CEOs and incumbent directors have power to …

Traditional economic models of vaccination assume that agents free-ride on the vaccination decision of others. These …

-taking strategies. However, decision-makers take more risk when they see the gaps between their performance score and their peers …Incentive schemes that reward participants based on their relative performance are often thought to be particularly … significantly less risk-taking than non-competitive rewards. In contrast, when decision-makers receive information about their peers …

their grade performance will be substantially lower than expected. Further, changes in beliefs about grade performance arise …

In this paper, we assess the degree to which four of the most commonly used models of risky decision making can explain … explain the decision-making behavior of the majority of our subjects. Surprisingly, we find that the choice behavior of the … of risky decision making …