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We investigate whether two crucial determinants of economic decision making willingness to take risks and willingness to trust other people are transmitted from parents to children. Our evidence is based on survey questions that ask about these attitudes directly, and are good measures in the...
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additional individual characteristics such as subjects' risk attitudes, measures of self-assessment and overconfidence, social … overconfidence affect worker self-selection, in particular into tournaments. Fourth, risk averse workers prefer fixed payments and … ; productivity ; ability ; piece rates ; tournament ; revenue sharing ; risk preferences ; overconfidence ; gender ; experiment …
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additional individual characteristics such as subjects' risk attitudes, measures of self-assessment and overconfidence, social … overconfidence affect worker self-selection, in particular into tournaments. Fourth, risk averse workers prefer fixed payments and …
Persistent link: https://www.econbiz.de/10012780523
This paper studies the impact of incentives on worker self-selection in a controlled laboratory experiment. Subjects face the choice between a fixed and a variable payment scheme. Depending on the treatment, the variable payment is a piece rate, a tournament or a revenue-sharing scheme. We find...
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