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No need for more time : intertemporal allocation decisions under time pressure

Lindner, Florian; Rose, Julia - 2016

Time preferences drive decisions in many economic situations, such as investment contexts or salary negotiations. These situations are characterized by a very short time frame for decision making. Preferences are potentially susceptible to the confounding effects of time pressure, as proposed by...

Persistent link: https://www.econbiz.de/10011523286

Serving consumers in an uncertain world : a credence goods experiment

Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf - 2023 - This version: 30 September 2023

Credence goods markets are prone to fraudulent behavior and market inefficiencies due to informational asymmetries between sellers and customers. We examine experimentally the effects of diagnostic uncertainty and insurance coverage on the information acquisition and provision decisions by...

Persistent link: https://www.econbiz.de/10014373468

Heterogeneity in effect size estimates : empirical evidence and practical implications

Holzmeister, Felix; Johannesson, Magnus; Böhm, Robert; … - 2023

A typical empirical study involves choosing a sample, a research design, and an analysis path. Variation in such choices across studies leads to heterogeneity in results that introduce an additional layer of uncertainty not accounted for in reported standard errors and confidence intervals. We...

Persistent link: https://www.econbiz.de/10014445891

Determinants of financial literacy and behavioral bias among adolescents

Aschenwald, Marco; Holzknecht, Armando; Kirchler, Michael; … - 2023

Building on cross-sectional data for Austrian high school students from fifth to twelfth grade, we investigate the correlations between socio-economic background variables and a comprehensive set of variables related to financial decision-making (i.e., financial knowledge, behavioral...

Persistent link: https://www.econbiz.de/10013483340

Credence goods markets, distributional preferences and the role of institutions

Erharter, Dominik - 2012

Persistent link: https://www.econbiz.de/10009571196

Incentives and selection in promotion contests : is it possible to kill two birds with one stone?

Stracke, Rudi; Höchtl, Wolfgang; Kerschbamer, Rudolf; … - 2014

This paper investigates whether a designer can improve both the incentive provision and the selection performance of a promotion contest by making the competition more (or less) dynamic. A comparison of static (one-stage) and dynamic (two-stage) contests reveals that this is not the case. A...

Persistent link: https://www.econbiz.de/10010260055

Incentive schemes, private information and the double-edged role of competition for agents

Bannier, Christina E.; Feess, Eberhard; Packham, Natalie; … - 2016

This paper examines the effect of imperfect labor market competition on the efficiency of compensation schemes in a setting with moral hazard and risk-averse agents, who have private information on their productivity. Two vertically differentiated firms compete for agents by offering contracts...

Persistent link: https://www.econbiz.de/10011498942

Nudging debtors to pay their debt : two randomized controlled trials

Holzmeister, Felix; Huber, Jürgen; Kirchler, Michael; … - 2021

We conducted two large-scale, highly powered randomized controlled trials intended to encourage consumer debt repayments. In Study 1, we implemented five treatments varying the design of envelopes sent to debtors. We did not find any treatment effects on response and repayment rates compared to...

Persistent link: https://www.econbiz.de/10012591227

Competitive versus cooperative incentives in team production with heterogeneous agents

Dutcher, Glenn E.; Oexl, Regine; Ryvkin, Dmitry; Salmon, Tim - 2021 - This version: September 11, 2021

when team members' abilities are varied. Using a lab experiment, we examine how increasing competitive incentives affects …A debate among practicing managers is whether to use cooperative or competitive incentives for team production. While … competitive incentives may drive individual effort higher, they may also lead to less help and more sabotage; an issue exacerbated …

Persistent link: https://www.econbiz.de/10012621416

Credence goods markets, distributional preferences and the role of institutions

Erharter, Dominik - 2012 - this version: June 2012

payoff of her customer. We show how an expert with heterogeneous distributional preferences responds to monetary incentives …

Persistent link: https://www.econbiz.de/10009742079