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Hidden Costs of Control:Three Repetitions and an Extension

Ploner, Matteo; Schmelz, Katrin; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2010

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

Punishment with Uncertain Outcomesin the Prisoner’s Dilemma

Dürsch, Peter; Servátka, Maroš - Alfred-Weber-Institut für Sozial- und … - 2009

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

The Hidden Costs of Control:An Unsuccessful Replication Study

Ploner, Matteo; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

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

A Control Approach to Robust Utility Maximization with Logarithmic Utility andTime-Consistent Penalties

HernándezHernández, Daniel; Schied, Alexander - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2006

We propose a stochastic control approach to the dynamic maximization ofrobust utility functionals that are defined in …

Persistent link: https://www.econbiz.de/10005861275

Robust Utility Maximization in a Stochastic Factor Model

HernándezHernández, Daniel; Schied, Alexander - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2006

duality theory for robust utility maximization and the stochastic control approach to the dual problem of determining optimal … dynamics and the factor process. Our method combines two recent advances in the theory of optimal investments: the general …

Persistent link: https://www.econbiz.de/10005861693

Discretisation of Stochastic Control Problems for Continuous Time Dynamics withDelay

Fischer, Markus; Reiss, Markus - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2005

As a main step in the numerical solution of control problems in continuous time,the controlled process is approximated …

Persistent link: https://www.econbiz.de/10005861977

Macht

Nienhüser, Werner - Universität <Duisburg - 2003

Selbst wenn wir den Begriff der Macht nicht ausdrücklich benutzen, greifenwir doch häufig im Alltagsdenken auf Machtvorstellungen zurück, umVerhalten zu erklären. Vor allem erklären wir uns damit Verhalten, vondem wir meinen, dass es „gegen den eigenen Willen“ zustande kam. Wirsagen...

Persistent link: https://www.econbiz.de/10005866937

Are all professional investors sophisticated?

Menkhoff, Lukas; Schmeling, Maik; Schmidt, Ulrich - Universität <Hannover> / Wirtschaftswissenschaftliche … - 2009

Existing empirical evidence is inconclusive whether professional investors show moresophisticated behavior than individual investors. Therefore, we study two importantgroups of professional investors and compare them to laymen by way of a survey coveringabout 500 investors. We find that some...

Persistent link: https://www.econbiz.de/10005867422

OPTIMAL BUNCHINGWITHOUT OPTIMAL CONTROL

Nöldeke, Georg; Samuelson, Larry - Universität <Bonn> / Abteilung für Gesellschafts- und …; … - 2006

This paper presents simple su±cient conditions under which optimal bunches inadverse-selection principal-agent problems can be characterized without using optimal controltheory.

Persistent link: https://www.econbiz.de/10005867929

Trust and Control at the Workplace:Evidence from Representative Samples ofEmployees in Europe

Grund, Christian; Harbring, Christine - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2009

explore the relation between certain measures of control inemployment relationships (i.e. working time regulations, use of …

Persistent link: https://www.econbiz.de/10005868021