Showing 1 - 10 of 96
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 …-specific risk attitudes. Seventh, self-selection is also affected by personality differences. Finally, reported effort is …
Persistent link: https://www.econbiz.de/10003289888
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 …-specific risk attitudes. Seventh, self-selection is also affected by personality differences. Finally, reported effort is …
Persistent link: https://www.econbiz.de/10012780523
Promotion tournaments play an important role for the provision of incentives in firms. In this paper, we extend research on single-stage rank-order tournaments and analyze behavior in multi-stage elimination tournaments. The main treatment of our laboratory experiment is a two-stage tournament...
Persistent link: https://www.econbiz.de/10013324780
Persistent link: https://www.econbiz.de/10003586675
This paper investigates whether risk preferences explain how individuals are sorted into occupations with different … willingness to take risks whose behavioral relevance has been validated in previous work. As a measure of earnings risk, we use … relating earnings risk to the measure of individual risk preference, our evidence shows that individuals with low willingness …
Persistent link: https://www.econbiz.de/10013318037
This paper investigates whether risk preferences explain how individuals are sorted into occupations with different … willingness to take risks whose behavioral relevance has been validated in previous work. As a measure of earnings risk, we use … relating earnings risk to the measure of individual risk preference, our evidence shows that individuals with low willingness …
Persistent link: https://www.econbiz.de/10003253467
How do firms motivate their employees to be productive? The conventional wisdom is that workers respond to monetary incentives - "Pay them more and they will work harder." However, a large and growing body of empirical evidence from laboratory and field experiments, surveys, and observational...
Persistent link: https://www.econbiz.de/10011413663
This paper presents new evidence on the distribution of risk attitudes in the population, using a novel set of survey … sample of 450 subjects, and find that the measure is a good predictor of actual risk-taking behavior. We then use a more … standard lottery question to measure risk preference, and find similar results regarding heterogeneity and determinants of risk …
Persistent link: https://www.econbiz.de/10003091928
Although both economists and psychologists seek to identify determinants of heterogeneity in behavior, they use different concepts to capture them. In this review, we first analyze the extent to which economic preferences and psychological concepts of personality, such as the Big Five and locus...
Persistent link: https://www.econbiz.de/10014166133
This paper presents the Global Preference Survey, a globally representative dataset on risk and time preferences …
Persistent link: https://www.econbiz.de/10012970616