König-Kersting, Christian; Pollmann, Monique; Potters, Jan - In: Theory and decision : an international journal for … 90 (2021) 1, pp. 31-61
We document outcome bias in situations where an agent makes risky financial decisions for a principal. In three experiments, we show that the principal’s evaluations and financial rewards for the agent are strongly affected by the random outcome of the risky investment. This happens despite...
