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Standard economics uses a one-dimensional concept of motivation. It assumes that people are perfectly rational and are solely motivated in a selfish way. This essay argues that people differ in their preferences with respect to pro-social orientations, that preferences are plastic and...
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is an increasing homogeneity of management and board teams. Most committees mainly consist of males with a managerial … management teams were significantly more capable of giving correct forecasts than the groups generally best represented in boards … and management teams. To mitigate corporate governance failures we argue that firms should use simple social mechanisms in …
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theory ; psychological economics ; new public management ; economics of science ; control theory …
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The financial crisis is a crisis of governance as well. In search of answers and solutions many scholars and practitioners recommend improved output control, i.e. better external incentives or even stricter regulations. Monasteries demonstrate that alternative models may be more suitable to...
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