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We report three repetitions of Falk and Kosfeld's (2006) low and medium control treatmentswith 364 subjects. Each … largely conict with those of theoriginal study. We mainly observe hidden costs of control of low magnitude that lead to low …
Persistent link: https://www.econbiz.de/10005870900
This paper experimentally investigates whether risk-averseindividuals punish less if the outcome of punishment is uncertain thanwhen it is certain. Our design includes three treatments: Baseline inwhich the one-shot prisoner’s dilemma game is played; CertainPunishment in which the prisoner’s...
Persistent link: https://www.econbiz.de/10005868379
This note reports a replication study of Falk and Kosfeld’s (2006) medium control treatment.In the experimental game …, the principaldecides whether or not to control the agent by imposing a compulsory transfer of 10 units. Likethe original … study, we observe that control entails hidden costs. Unlike the original study, we donot observe that the hidden costs of …
Persistent link: https://www.econbiz.de/10005866534
This paper deals with the impact of insider trading legislation on corporate governance.
Persistent link: https://www.econbiz.de/10005841035
Controlling und Materialmanagement sind Funktionen, deren Bedeutung immerstärker zugenommen hat. Während Einkauf, Beschaffung und Materialwirtschaftvon der Betriebswirtschaftslehre seit langem als wichtige Unternehmensbereichebeachtet worden sind, steht die Wissenschaft dem Controlling eher...
Persistent link: https://www.econbiz.de/10009418852
Preference for control affects investment behavior. Participants of laboratory experiments invest different amount of … money in a risky asset when face with two different methods of control which have identical payoff structure and probability … distribution, but provide different sense of control. Preference for controlling and not controlling are both observed …
Persistent link: https://www.econbiz.de/10009022161
The development of Asian foreign exchange markets has progressed appreciably in recent years. Data from the BIS Triennial Central Bank Survey indicate that the turnover of Asian currencies rose sharply between 2004 and 2007, financial institutions became more important customers, and the...
Persistent link: https://www.econbiz.de/10009305088
Konnektivität). Die Untersuchung zeigt zudem, dass die vomFinanzplatz Zürich ausgehende Kontrolle beachtlich ist (4. Rang bei der …
Persistent link: https://www.econbiz.de/10009305122
individual control over the outcome of his actions. In the modern world-society this is increasingly the case. The concept of …
Persistent link: https://www.econbiz.de/10005860162
We propose a stochastic control approach to the dynamic maximization ofrobust utility functionals that are defined in …
Persistent link: https://www.econbiz.de/10005861275