Madiès, Thierry; Villeval, Marie Claire; Wasmer, Malgorzata - In: European Economic Review 61 (2013) C, pp. 153-168
With a market entry game inspired by Camerer and Lovallo (1999), we study the attitudes of junior and senior employees towards strategic uncertainty and competition. Seniors exhibit higher entry rates compared to juniors, especially when the market capacity is not too low or when earnings from...