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Why do firms exist? What is their function? What do managers do? What is the role, if any, of social motivation in the market? In this paper, we address these questions with a new theory of the firm, which unites some major themes in management, principal-agent theory, and economic sociology. We...
Persistent link: https://www.econbiz.de/10009197495
A common assumption, often accepted by regulators – that individuals act only in their narrow self-interest – is false. Evidence from both the natural and social sciences suggests that most people are strongly motivated to cooperate and help one another. Organizations (such as Toyota and...
Persistent link: https://www.econbiz.de/10008765019
This article explores a possible connection between two behavioural anomalies in economics, the observed responsiveness of individual decision makers to sunk costs, and the apparent failure of backward induction to predict outcomes in experimental bargaining games. In particular, we show that...
Persistent link: https://www.econbiz.de/10011137858
Combining economic, social-psychological and sociological approaches trust, this book provides a general theoretical … framework to explain conditional and unconditional trust; it also presents an experimental test of the corresponding integrative … model and its predictions. Broadly, it aims at advancing a "cognitive turn" in trust research by highlighting the importance …
Persistent link: https://www.econbiz.de/10010424105
psychological and sociological findings such as human motivational theories or trust are fundamental elements of the 21st century …
Persistent link: https://www.econbiz.de/10010304670
The 'grammar of trust' is one of the most explored loci in behavioural and experimental economics. This experimental … study aims at contributing to the understanding of new dimensions of trust by exploring how risky trust may foster a trustee … of risky trust, which generates more trustworthy and reciprocal behaviour in untrustworthy people. …
Persistent link: https://www.econbiz.de/10011688542
Abstract Since the 1980s the concept of trust within organizations has gained in importance. Nevertheless, factors of … influence which affect the different types of organizational trust are mostly unknown. Therefore, the purpose of this article is … quantitative analysis. Furthermore, the factors that have an impact on the various types of trust will be described by quantitative …
Persistent link: https://www.econbiz.de/10014586408
The "grammar of trust" is one the most explored loci in game theory and behavioural economics. However, still much … needs to be understood about the nature of trust in non-enforceable, personalised interactions, in markets and within … organizations. This experimental study aims at contributing to the understanding of new dimensions of trust by exploring how risky …
Persistent link: https://www.econbiz.de/10011444309
organizational behaviors. The fundamental issue is determining whether engagement and trust, remain two of the critical factors of an … establish a correlation between trust and work engagement in on 787 respondents from 16 organizations in Serbia. Trust in … between dimensions of trust: benevolence/integrity and competence, with all work engagement dimensions. The strongest …
Persistent link: https://www.econbiz.de/10014461972
whether these good guys are more trustworthy and how such pronounced group identities affect trust and trustworthiness within …
Persistent link: https://www.econbiz.de/10010319536