Showing 1 - 10 of 3,797
This paper studies optimal task assignments in a setting where agents are expectation-based loss averse according to KoszegiRabin (2006) and KoszegiRabin (2007) and are compensated according to an aggregated performance measure in which tasks are technologically independent. We show that the...
Persistent link: https://www.econbiz.de/10012927853
A previous literature cautions that paying workers for performance might crowd out non-monetary motives to work hard. Empirical evidence from the field, however, has been based on between-subjects designs that are best suited for detecting crowding out due to low-powered incentives. High-powered...
Persistent link: https://www.econbiz.de/10011946785
A growing body of research suggests that, even after controlling for cognitive abilities, personality predicts economic …
Persistent link: https://www.econbiz.de/10011554485
, the chapter surveys patient or demand-side factors such as price, income, and preferences; physician or supply …
Persistent link: https://www.econbiz.de/10014025582
Persistent link: https://www.econbiz.de/10009722686
In accounting for the phenomenon of present bias, the hyperbolic discounting and quasi-hyperbolic discounting models have distinct predictions beyond today. We provide experimental evidence supporting diminishing rate of discounting beyond present period under careful experimental controls. In...
Persistent link: https://www.econbiz.de/10014186935
We model self-control conflict as a stochastic struggle of an agent against a visceral influence, which impels the agent to act sub-optimally. The agent holds costly pre-commitment technology to avoid the conflict altogether and may decide whether to procure pre-commitment or to confront the...
Persistent link: https://www.econbiz.de/10014042719
Neuroeconomic conditions for "rational addiction" (Becker and Murphy, 1988) have been unknown. This paper derived the conditions for "rational addiction" by utilizing a nonlinear time-perception theory of "hyperbolic" discounting, which is mathematically equivalent to the q-exponential...
Persistent link: https://www.econbiz.de/10014043133
more analogous future task is one that concerns intertemporal choice and time preferences, since these involve implicit …
Persistent link: https://www.econbiz.de/10014197556
This paper experimentally examines the selection of equilibria in dynamic games. Our baseline treatment is a two-state extension of an indefinitely repeated prisoner's dilemma, which we modify in series of treatments to study the focality of efficiency and symmetry, the effect dynamic and static...
Persistent link: https://www.econbiz.de/10013019850