Showing 1 - 10 of 10,944
While it is well established that individuals and groups make different economic decisions, the reasons for the behavioral differences are still not fully understood. We experimentally compare individual and group behavior in a competitive setting where cheating can be used to outperform the...
Persistent link: https://www.econbiz.de/10012153461
competition. Nevertheless, there are models of team-organization such that team-firms and individual firms are behaviorally …
Persistent link: https://www.econbiz.de/10014029080
In this paper we deal with situations of collective contests between two groups over a private prize. A well known way to divide the prize within the winning group is the prize sharing rule introduced by Nitzan, 1991. Since its introduction it has become a standard in the collective contests...
Persistent link: https://www.econbiz.de/10012827736
reducing efforts. In our experiment we control the channels of communication by letting subjects communicate through an … efforts. We use team members' dialogues to explain these effects of communication, and check the robustness of our results. …We study the effects of communication in an experimental tournament between teams. When teams, rather than individuals …
Persistent link: https://www.econbiz.de/10003951420
. -- tournament ; team decision making ; communication ; collusion ; freeriding ;experiment … reducing efforts. In our experiment we control the channels of communication by letting subjects communicate through an … efforts. We use team members? dialogues to explain these effects of communication, and check the robustness of our results …
Persistent link: https://www.econbiz.de/10009731147
reducing efforts. In our experiment we control the channels of communication by letting subjects communicate through an … efforts. We use team members' dialogues to explain these effects of communication, and check the robustness of our results …We study the effects of communication in an experimental tournament between teams. When teams, rather than individuals …
Persistent link: https://www.econbiz.de/10014219102
-order tournament. Team members compete in their efforts for the right to propose the distribution of a prize within the team. The … implementation of a proposal requires the approval of other team members. Failure to reach an agreement is costly and the role of … proposer rotates in the order of members' efforts. We show in an experiment that tournaments elicit higher efforts than random …
Persistent link: https://www.econbiz.de/10014072692
Persistent link: https://www.econbiz.de/10012243645
We correlate competitive bidding and profits in symmetric independent private value first-price auctions with salivary testosterone, estradiol, progesterone, and cortisol in more than 200 subjects. Females bid significantly higher and earn significantly lower profits than males. Moreover,...
Persistent link: https://www.econbiz.de/10009544159
We investigate the impact of fund managers' tournament incentives on investment strategies and market efficiency, distinguishing between winner-take-all tournaments (WTA), where a minority wins, and elimination contests (EC), where a majority wins. Theoretically, we show that fund managers play...
Persistent link: https://www.econbiz.de/10012995498