Risk-neutral individuals take more risky decisions when they have limited liability. Risk-neutral managers may not when … return. Further results on the form of contracts are also derived. -- managers ; risky decisions ; limited liability … acting as agents under contract and taking costly actions to acquire information before taking decisions. Limited liability …

Risk-neutral individuals take more risky decisions when they have limited liability. Risk-neutral managers may not when … acting as agents under contract and taking costly actions to acquire information before taking decisions. Limited liability … actions. The resulting decisions may be less, rather than more, risky. Making a decision after acquiring information provides …

Risk-neutral individuals take more risky decisions when they have limited liability. Risk-neutral managers may not when … acting as agents under contract and taking costly actions to acquire information before taking decisions. Limited liability … actions. The resulting decisions may be less, rather than more, risky. Making a decision after acquiring information provides …

to decide how many pieces of information they wanted to purchase non-sequentially in order to make a decision under …

We analyze how reputational concerns of arbitrators affect the quality of their decision process, in particular … acquisition but may induce arbitrators to bias their decisions towards one party in the dispute. This decision bias is greater …