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There are two common ways for a principal to influence the decision making of an agent. One is to manipulate the agent …
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from subjects that were previously affected by an allocation decision. We find that most decision makers exhibit a positive … willingness-to-pay for having control about whether feedback occurs or not. Specifically, decision makers that equally shared … contrast, among decision makers that behaved selfishly, we identify both: subjects that were willing to pay for receiving and …
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We study the choice of a principal to either delegate a decision to a group of careerist experts, or to consult them … individually and keep the decision-making power. Our model predicts a trade-off between information acquisition and information …
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