Showing 1 - 10 of 28
informed about their piece rate realization, they adapt their performance. One third of subjects nevertheless forego this … instrumental information when given the choice - and perform stunningly well. Agents who are uninformed regarding their piece rate … self-selected information avoidance. All our findings can be captured by a model of optimally distorted expectations …
Persistent link: https://www.econbiz.de/10011341068
informed about their piece rate realization, they adapt their performance. One third of subjects nevertheless forego this … instrumental information when given the choice - and perform stunningly well. Agents who are uninformed regarding their piece rate … self-selected information avoidance. All our findings can be captured by a model of optimally distorted expectations …
Persistent link: https://www.econbiz.de/10011388204
of instrumental information exist, studying information structures on performance pay. Second, information avoiders …Recent behavioral models argue in favor of avoidance of instrumental information. We explore the role of information … outperform information receivers. This result holds independently of effects of self-selection. Third, the findings support …
Persistent link: https://www.econbiz.de/10011751824
informed about their piece rate realization, they adapt their performance. One third of subjects nevertheless forego this … instrumental information when given the choice - and perform stunningly well. Agents who are uninformed regarding their piece rate … self-selected information avoidance. All our findings can be captured by a model of optimally distorted expectations …
Persistent link: https://www.econbiz.de/10011340265
informed about their piece rate realization, they adapt their performance. One third of subjects nevertheless forego this … instrumental information when given the choice - and perform stunningly well. Agents who are uninformed regarding their piece rate … self-selected information avoidance. All our findings can be captured by a model of optimally distorted expectations …
Persistent link: https://www.econbiz.de/10011342145
informed about their piece rate realization, they adapt their performance. One third of subjects nevertheless forego this … instrumental information when given the choice - and perform stunningly well. Agents who are uninformed regarding their piece rate … self-selected information avoidance. All our findings can be captured by a model of optimally distorted expectations …
Persistent link: https://www.econbiz.de/10011346303
of instrumental information exist, studying information structures on performance pay. Second, information avoiders …Recent behavioral models argue in favor of avoidance of instrumental information. We explore the role of information … outperform information receivers. This result holds independently of effects of self-selection. Third, the findings support …
Persistent link: https://www.econbiz.de/10011751477
with various empirical findings, is the assumption that information about output decisions flows more freely within a …
Persistent link: https://www.econbiz.de/10010307515
laboratory experiment we test the different theories by systematically varying information conditions. We find significant … effects of seemingly innocent changes in information. Moreover, the generalized imitation model predicts the differences …
Persistent link: https://www.econbiz.de/10011422119
A well-known result by Vega-Redondo implies that in symmetric Cournot oligopoly, imitation leads to the Walrasian outcome where price equals marginal cost. In this paper we show that this result is not robust to the slightest asymmetry in fixed costs. Instead of obtaining the Walrasian outcome...
Persistent link: https://www.econbiz.de/10011422170