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A model of reference-dependent belief updating
Maier, Johannes K.; König, Clemens - 2016
We propose a model of instrumental belief choice under loss aversion. When new information arrives, an agent is prompted to abandon her prior. However, potential posteriors may induce her to take actions that generate a lower utility in some states than actions induced by her prior. These losses...
Persistent link: https://www.econbiz.de/10011557745
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Can a bonus overcome moral hazard? : an experiment on voluntary payments, competition, and reputation in markets for expert services
Angelova, Vera; Regner, Tobias - 2016
Interactions between players with private information and opposed interests are often prone to bad advice and inefficient outcomes, e.g. markets for financial or health care services. In a deception game we investigate experimentally which factors could improve advice quality. Besides advisor...
Persistent link: https://www.econbiz.de/10011530053
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What renders financial advisors less treacherous? : on commissions and reciprocity
Angelova, Vera - 2016
An advisor is supposed to recommend a financial product in the best interest of her client. However, the best product for the client may not always be the product yielding the highest commission to the advisor. Do advisors nevertheless provide truthful advice? If not, will a voluntary or...
Persistent link: https://www.econbiz.de/10011530061
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Do voluntary payments to advisors improve the quality of financial advice? : an experimental sender-receiver game
Angelova, Vera; Regner, Tobias - 2016
The market for retail financial products (e.g. investment funds or insurance) is marred by information asymmetries. Clients are not well informed about the quality of these products. They have to rely on the recommendations of advisors. Incentives of advisors and clients may not be aligned, when...
Persistent link: https://www.econbiz.de/10011530065
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Can a bonus overcome moral hazard? : an experiment on voluntary payments, competition, and reputation in markets for expert services
Angelova, Vera; Regner, Tobias - 2017
Interactions between players with private information and opposed interests are often prone to bad advice and inefficient outcomes, e.g. markets for financial or health care services. In a deception game we investigate experimentally which factors could improve advice quality. Besides advisor...
Persistent link: https://www.econbiz.de/10011697162
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Can a bonus overcome moral hazard? : experimental evidence from markets for expert services
Angelova, Vera; Regner, Tobias - 2018
Interactions between players with private information and opposed interests are often prone to bad advice and inefficient outcomes, e.g. markets for financial or health care services. In a deception game we investigate experimentally which factors could improve advice quality. Besides advisor...
Persistent link: https://www.econbiz.de/10011881706
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Gender effects, culture and social influence in the dictator game : an Italian study
O'Higgins, Shane Niall; Palomba, Arturo; Sbriglia, Patrizia - 2015
decision makers in the family and the society. We test these alternative hypotheses running Dictators experiments in Italy, a …
Persistent link: https://www.econbiz.de/10010488294
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The inelastic demand for affirmative action
Getik, Demid; Islam, Marco; Samahita, Margaret - 2021
We study the origins of support for gender-related affirmative action (AA) in two pre-registered online experiments (N … treatments to disentangle the preference for AA stemming from i) perceived gender differences in productivity, ii) beliefs about … successfully altering beliefs about expected productivity differences. Our results suggest that AA choice reflects a more intrinsic …
Persistent link: https://www.econbiz.de/10012591868
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Making sense of soft information : interpretation bias and ex-post lending outcomes
Campbell, Dennis W.; Loumioti, Maria; Moerman, Regina … - 2018
biases likely to affect the lending process: (1) limited attention (or distraction), (2) task-specific human capital, and (3 …
Persistent link: https://www.econbiz.de/10011931483
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How does the gender difference in willingness to compete evolve with experience?
Buser, Thomas - 2016
I study how gender differences in willingness to compete evolve over time in response to experience. Participants in a lab experiment perform the same real-effort task over several rounds. In each round, they have to choose between piece-rate remuneration and a winner-takes-all competition. At...
Persistent link: https://www.econbiz.de/10011441727