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Falk, Armin - In: IZA World of Labor (2014)

How do firms motivate their employees to be productive? The conventional wisdom is that workers respond to monetary incentives—"Pay them more and they will work harder." However, a large and growing body of empirical evidence from laboratory and field experiments, surveys, and observational...

Persistent link: https://www.econbiz.de/10011404832

Does informational equivalence preserve strategic behavior? Experimental results on Trockel's model of Selten's chain store story

Duman, Papatya - In: Games 11 (2020) 1, pp. 1-24

The purpose of this study is to experimentally test Trockel's game, which is a modelling of the classical Chain Store Game (CSG), and determine whether one of the two theories of Equality and Deterrence may better account for the observed behavior. The CSG is an example of a simple game in...

Persistent link: https://www.econbiz.de/10012227802

Prediction based on entrepreneurship-prone personality profiles: sometimes worse than the toss of a coin

Konon, Alexander; Kritikos, Alexander S. - In: Small Business Economics 53 (2019) 1, pp. 1-20

advice? In psychological research, group profiles are widely employed. In this contribution, we examine the performance of … profiles using the example of career prediction and advice, involving a comparison of average trait scores of successful …

Persistent link: https://www.econbiz.de/10012249883

Bribing the Self

Gneezy, Uri; Saccardo, Silvia; Serra-Garcia, Marta; van … - In: Games and Economic Behavior 120 (2020), pp. 311-324

Expert advice is often biased in ways that benefit the advisor. We demonstrate how self-deception helps advisors be … affects advisors' beliefs and preferences over the investments. Biased advice persists with minimal justifications but is … eliminated when all justifications are removed. These findings show how self-deception can be constrained to improve advice …

Persistent link: https://www.econbiz.de/10012505192

Can simple advice eliminate the gender gap in willingness to compete?

Kessel, Dany; Mollerstrom, Johanna; van Veldhuizen, Roel - In: European Economic Review 138 (2021), pp. --

As a recent literature has demonstrated, men and women differ in their willingness to sort into competitive environments. In particular, men are more willing than women to compete. We investigate whether it is possible to reduce the gender gap in willingness to compete through an information...

Persistent link: https://www.econbiz.de/10012623964

Experts in crisis: The wide spectrum of advisors for coping with extreme events

Brinks, Verena; Ibert, Oliver - In: International Journal of Disaster Risk Reduction 92 (2023), pp. 1-13

leadership are frequently analysed in crisis research, the role of experts who offer advice in crisis is widely underexplored in …

Persistent link: https://www.econbiz.de/10014284227

The mediating role of positive psychological capital between perceived leadership styles and workplace advice network closeness

Zaman, Nadeem Uz; Bibi, Zainab; Mohammad, Jan; Karim, … - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 11 (2017) 1, pp. 66-89

(PLS) and workplace advice network closeness. Fifteen different groups with a composition of 20-25 members were randomly …-borrowed questionnaire of 30 items (12 for total PsyCap; 18 for PLS) and a sociometric matrix to measure workplace advice network closeness … closeness of followers in the workplace advice network. The same shift in the leadership styles from authoritative to laissez …

Persistent link: https://www.econbiz.de/10011938540

A classroom game to teach the principles of money and banking

Hoffer, Adam - In: Cogent Economics & Finance 3 (2015) 1, pp. 1-13

This paper describes how to implement and run a game for teaching the principles of money and banking to an undergraduate economics class. The game primarily deals with the market for loanable funds, but numerous extensions are provided to cover topics such as monetary policy, the tools of the...

Persistent link: https://www.econbiz.de/10011559177

Employee incentives: Bonuses or penalties?

Nosenzo, Daniele - In: IZA World of Labor (2016)

Firms regularly use incentives to motivate their employees to be more productive. However, often little attention is paid to the language used in employment contracts to describe these incentives. It may be more effective to present incentives as entitlements that can be lost by failing to reach...

Persistent link: https://www.econbiz.de/10011573624

Are happy workers more productive?

Proto, Eugenio - In: IZA World of Labor (2016)

Recently, large companies like Google have made substantial investments in the well-being of their workers. While evidence shows that better performing companies have happier employees, there has been much less research on whether happy employees contribute to better company performance. Finding...

Persistent link: https://www.econbiz.de/10011573704