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Tournaments are often used to improve performance in innovation contexts. Tournaments provide monetary incentives but … also render teams’ identity and social-image concerns salient. We study the effects of tournaments on team performance in a …
Persistent link: https://www.econbiz.de/10012597694
Tournaments are often used to improve performance in innovation contexts. Tournaments provide monetary incentives but … also render teams' identity and image concerns salient. We study the effects of tournaments on team performance in a non …
Persistent link: https://www.econbiz.de/10014495030
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Rankings are a pervasive feature of the finance industry. Although they have no direct monetary consequences, rankings … financial professionals and investigate how anonymous rankings influence risk-taking in investment decisions. We find that … rankings increase risk-taking because of financial professionals' desire for positive self-image. This particularly applies to …
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Relative performance feedback (RPF) has often been shown to improve effort and performance in the workplace and educational settings. Yet, many studies also document substantial negative effects of RPF, in particular for low-achievers. We study a novel type of RPF designed to overcome these...
Persistent link: https://www.econbiz.de/10012424267
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We analyze a two-stage game between two heterogeneous players. At stage one, common risk is chosen by one of the players. At stage two, both players observe the given level of risk and simultaneously invest in a winner-take-all competition. The game is solved theoretically and then tested by...
Persistent link: https://www.econbiz.de/10010333998