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We study the impact of monitoring in a workplace context where both firms and employees are unable to perfectly observe … the individual worker contribution to total output. Therefore, in our setting monitoring is not aimed at reducing … monitoring. Workers' stance towards monitoring is ambiguous and depends on risk aversion and the disutility of effort. Our …
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In an aging society, it becomes more and more important to understand how aging affects decision making. Older adults have to face many situations that require consequential financial decisions. In the present study, we examined the effects of aging on decisions in two domains of uncertainty:...
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When valuing risky prospects, people typically overweight small probabilities and underweight medium and large probabilities, but there is vast heterogeneity in individual behavior. We explore the relationship between person-specific probability weights, estimated from investment decisions in a...
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This paper experimentally investigates whether risk-averse individuals punish less if the outcome of punishment is uncertain than when it is certain. Our design includes three treatments: Baseline in which the one-shot prisoner’s dilemma game is played; Certain Punishment in which the...
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