Showing 1 - 10 of 126
Existing experimental research on behavior in weakest-link games shows overwhelmingly the inability of people to coordinate on the efficient equilibrium, especially in larger groups. We hypothesize that people are able to coordinate on efficient outcomes, provided they have sufficient freedom to...
Persistent link: https://www.econbiz.de/10009403395
Existing experimental research on behavior in weakest-link games shows overwhelmingly the inability of people to coordinate on the efficient equilibrium, especially in larger groups. We hypothesize that people will be able to coordinate on efficient outcomes, provided they have sufficient...
Persistent link: https://www.econbiz.de/10011142340
As societies are increasingly concerned with social risks, it is important to evaluate risks not only from an individual perspective, but also from a societal one. Many increases in social risk involve a simultaneous increase in risk and inequality. This paper presents an experiment which...
Persistent link: https://www.econbiz.de/10011256490
We establish a folk theorem for infinitely repeated game protocols with players whose preferences exhibit backward-looking reference dependence.
Persistent link: https://www.econbiz.de/10009249594
Using a common pool resource game protocol with voting we examine experimentally how cooperation varies with the level at which (binding) votes are aggregated. Our results are broadly in line with theoretical predictions. When players can vote on the behavior of the whole group or when leaders...
Persistent link: https://www.econbiz.de/10010678980
We introduce level-k reasoning to contest theory, compare its predictions to those of Nash Equilibrium and relate to the experimental evidence.
Persistent link: https://www.econbiz.de/10008866948
This paper reports the results from a controlled field experiment designed to investigate the causal effect of unannounced, public recognition on employee performance. We hired more than 300 employees to work on a three-hour data-entry task. In a random sample of work groups, workers...
Persistent link: https://www.econbiz.de/10010884268
This paper reports the results from a controlled field experiment designed to investigate the causal effect of public recognition on employee performance. We hired more than 300 employees to work on a three-hour data-entry task. In a random sample of work groups, workers unexpectedly received...
Persistent link: https://www.econbiz.de/10010957624
We conduct a natural field experiment in a large retail chain to test basic predictions of tournament theory regarding prize spread and noise. A random subset of the 208 stores participates in two-stage elimination tournaments. Tournaments differ in the distribution of prize money across winners...
Persistent link: https://www.econbiz.de/10011279320
This discussion paper has resulted in a publication in the <I>Journal of Economic Psychology</I>, 31(4), 676-686.<P> We study optimal incentive contracts for workers who are reciprocal to management attention. When neither worker's effort nor manager's attention can be contracted, a double moral-hazard...</p></i>
Persistent link: https://www.econbiz.de/10011256123