Showing 1 - 10 of 71
In models of sequential decision making herd behaviour occurs if the signals smart(dumb) agents receive are (un)correlated and if agents have reputational concerns. We show thatintroducing costly effort to become informed about project payoffs (i) eliminates herdbehaviour and (ii) shifts...
Persistent link: https://www.econbiz.de/10011333265
Persistent link: https://www.econbiz.de/10001791884
In models of sequential decision making herd behaviour occurs if the signals smart (dumb) agents receive are (un)correlated and if agents have reputational concerns. We show that introducing costly effort to become informed about project payoffs (i) eliminates herd behaviour and (ii) shifts...
Persistent link: https://www.econbiz.de/10014031097
In the context of firm decision-making, several motives for acquiring and conveying information exist. Information … acquire and communicate information. We employ a cheap-talk model with information acquisition and communication by a firm … incentive to overstate this value to persuade or impress external parties. We show that information acquisition and …
Persistent link: https://www.econbiz.de/10011932570
Persistent link: https://www.econbiz.de/10003792062
Persistent link: https://www.econbiz.de/10003850893
Persistent link: https://www.econbiz.de/10003482632
Persistent link: https://www.econbiz.de/10003978605
Persistent link: https://www.econbiz.de/10008857058
Organization differ in the degree to which they differentiate employees by ability. We analyse how the effect of differentiation on employee morale may explain this variation. By comparing employees using ordinary talk, a manager boosts the self-image of some, but hurts that of others. Whether...
Persistent link: https://www.econbiz.de/10011372507