We conduct a quasi-field experiment in a virtual world environment to investigate the impact of social distance on economic choices. We design trust games with partner selection, in which the proposer chooses between a familiar responder and a stranger with a higher multiplier. When choosing...

The experience effect in asset markets is one that was thought to be settled. As subjects gained experience with the interface and each other, they typically exhibit fewer instances of mispricing and at lower magnitudes. But questions regarding trading experience are not easy to address in the...

Immer häufiger ist zu beobachten, dass Unternehmen mit wenigen Beschäftigten und geringem Sachvermögen weltweit aktiv sind und an der Börse wesentlich höher bewertet werden als alteingesessene Unternehmen mit hohen Beschäftigtenzahlen und umfangreichen Bilanzvermögen.(...)

Can radical organizational change be better achieved through planned change measures or through change measures developed as part of an evolutionary process? Based on 20 open interviews as well as recent survey data from 236 junior faculty members and 382 senior faculty members from departments...