an isomorphic loss contract. Our results show that loss contracts reduce the minimum efforts of groups and worsen …In this paper we study the effects that loss contracts - prepayments that can be clawbacked later - have on group … coordination when there is strategic uncertainty. We compare the choices made by experimental subjects in a minimum effort game. In …

contract framing effect in either condition: effort provision is statistically indistinguishable under bonus and penalty …

Loss aversion postulates that people prefer avoiding losses over acquiring gains of equal size. It is a central part of … economics. However, because the reference point is often not well defined and loss aversion interacts with other behavioral …

Loss aversion postulates that people prefer avoiding losses over acquiring gains of equal size. It is a central part of … economics. However, because the reference point is often not well defined and loss aversion interacts with other behavioral …