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Rage Against the Machines: How Subjects Learn to Play Against Computers
Dürsch, Peter; Kolb, Albert; Oechssler, Jörg; … - 2005
play, imitation, reinforcement learning, and a trial & error process. We test whether subjects try to influence those … traced to the different incentives structures rather than the experimental environment. …
Persistent link: https://www.econbiz.de/10011422135
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Optimism, pessimism and the unforeseen: Modelling an endogenous business cycle driven by strong beliefs
Sell, Friedrich L. - 2002
Indicators of trust, confidence, optimism or sentiment among consumers and/or investors, are published continuously in the mass media. More importantly, these indices seem not only to reflect how the state of the real economy is perceived by private agents, but can also help predict the future...
Persistent link: https://www.econbiz.de/10010300404
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Heterogeneous Contestants and Effort Provision in Tournaments - an Empirical Investigation with Professional Sports Data
Berger, Johannes; Nieken, Petra - 2010
differences in betting odds or rankings to measure ability differences, our results support standard tournament theory as we find … a highly significant negative impact of the matchup's heterogeneity on joint teame efforts. However, further analysis …
Persistent link: https://www.econbiz.de/10010333912
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Incentive Effects in Asymmetric Tournaments Empirical Evidence from the German Hockey League
Nieken, Petra; Stegh, Michael - 2010
Following tournament theory, incentives will be rather low if the contestants of a tournament are heterogeneous. We … also investigate the effect of a changing spread between winner and loser prize. In line with theory, teams reduce effort …
Persistent link: https://www.econbiz.de/10010333953
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The targeted assignment of incentive schemes
Opitz, Saskia; Sliwka, Dirk; Vogelsang, Timo; … - 2022
incentives based on measurable worker characteristics. To do so, we ran two large-scale experiments. The key results are that (i … heterogeneity in worker responses to different schemes, and (iii) a targeted assignment of schemes to individual workers increases …
Persistent link: https://www.econbiz.de/10013339119
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Incentives and selection in promotion contests: Is it possible to kill two birds with one stone?
Stracke, Rudi; Höchtl, Wolfgang; Kerschbamer, Rudolf; … - 2014
This paper investigates whether a designer can improve both the incentive provision and the selection performance of a promotion contest by making the competition more (or less) dynamic. A comparison of static (one-stage) and dynamic (two-stage) contests reveals that this is not the case. A...
Persistent link: https://www.econbiz.de/10010397151
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China and the Evolution of the Present Climate Regime
Carraro, Carlo; Buchner, Barbara - 2003
cooperative effort to control GHG emissions can provide adequate incentives for the US to move back to the Kyoto process and … assesses the participation incentives for the major world countries and regions in these three regimes. …
Persistent link: https://www.econbiz.de/10011325132
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Emissions Trading Regimes and Incentives to Participate in International Climate Agreements
Buchner, Barbara; Carraro, Carlo - 2003
This paper analyses whether different emissions trading regimes provide different incentives to participate in a … designing the emission trading regime, it is possible to enhance the incentives to participate in a climate agreement. Therefore …
Persistent link: https://www.econbiz.de/10011325133
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Agency theory meets matching theory
Macho-Stadler, Inés; Pérez-Castrillo, J. David - In: SERIEs - Journal of the Spanish Economic Association 12 (2021) 1, pp. 1-33
The theory of incentives and matching theory can complement each other. In particular, matching theory can be a tool …
Persistent link: https://www.econbiz.de/10014496097
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Contracting, pricing, and data collection under the AI flywheel effect
Gurkan, Huseyin; de Véricourt, Francis - 2020
's incentives to improve the algorithm over time. We formalize this problem in a simple two-period moral hazard framework that …
Persistent link: https://www.econbiz.de/10012315953