Danz, David; Hüber, Frank; Kübler, Dorothea; … - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2013
With the help of a simple model, we show that the hindsight bias can lead to ineffcient delegation decisions. This prediction is tested experimentally. In an online experiment that was conducted during the FIFA World Cup 2010 participants were asked to predict a number of outcomes of the ongoing...