Similar Search Results

Asking one too many? Why leaders need to be decisive

Ishida, Junichiro; Shimizu, Takashi - 2012

It is often touted that decisiveness is one of the most important qualities to be possessed by leaders, broadly defined. To see how and why decisiveness can be a valuable asset in organizations, we construct a model of strategic information transmission where: (i) a decision maker solicits...

Persistent link: https://www.econbiz.de/10010332366

Promotion without commitment: Signaling, time inconsistency and decentralization of the firm

Ishida, Junichiro - 2012

This paper explores the consequences and implications of the dual role of promotion in an environment where a firm must simultaneously achieve two distinct goals - assignment and incentive provision - via the strategic use of promotions. We argue that the efficient promotion rule is generally...

Persistent link: https://www.econbiz.de/10010332465

Performance Pay and Multidimensional Sorting - Productivity, Preferences and Gender

Dohmen, Thomas; Falk, Armin - 2011

This paper studies the impact of incentives on worker self-selection in a controlled laboratory experiment. Subjects face the choice between a fixed and a variable payment scheme. Depending on the treatment, the variable payment is a piece rate, a tournament or a revenue-sharing scheme. We find...

Persistent link: https://www.econbiz.de/10010334140

Uniqueness in Infinitely Repeated Decision Problems

Vieille, Nicolas; Weibull, Jörgen W. - 2002

Dynamic decision-making without commitment is usually modelled as a game between the current and future selves of the decision maker. It has been observed that if the time-horizon is infinite, then such games may have multiple subgame-perfect equilibrium solutions. We provide a sufficient...

Persistent link: https://www.econbiz.de/10010334653

Probabilistic Choice as a Result of Mistakes

Mattsson, Lars-Göran; Weibull, Jörgen W. - 2000

We derive a family of probabilistic choice models including the multinomial logit model, from a microeconomic model in which the decision maker has to make some effort in order to avoid mistakes when implementing any desired outcome. The disutility of this effort enters the decision maker's goal...

Persistent link: https://www.econbiz.de/10010335088

Framing-based choice: A model of decision-making under risk

Kriesler, Kobi; Nitzan, Shmuel - 2009

In this study we propose an axiomatic theory of decision-making under risk that is based on a new approach to the modeling of framing that focuses on the subjective statistical dependence between prizes of compared lotteries. Unlike existing models that allow objective statistical dependence, as...

Persistent link: https://www.econbiz.de/10010336064

Misfinancing global health: The case for transparency in disbursements and decision making

Sridhar, Devi Lalita; Batniji, Rajaie - 2007

Persistent link: https://www.econbiz.de/10012004277

What do consumers consider before they choose? Identification from asymmetric demand responses

Abaluck, Jason; Adams, Abi - 2017

Consideration set models relax the assumption that consumers are aware of all available options. Thus far, identification arguments for these models have relied either on auxiliary data on what options were considered or on instruments excluded from consideration or utility. In a discrete choice...

Persistent link: https://www.econbiz.de/10012028696

Grundsätze der Entscheidungstheorien

Klecker, Thomas - 2009

Problemlösung und Entscheidungsfindung in der unternehmerischen Praxis.Die Entscheidungstheorie ist ein Zweig der angewandten … Entscheidungstheorie aufgefasst werden, geht es doch hier praktisch immer um das Treffen der jeweils richtigen Entscheidung. Zentraler … Bereich der Entscheidungstheorie und auch Kernpunkt dieser Arbeit ist die Entscheidungsfindung unter Unsicherheit …

Persistent link: https://www.econbiz.de/10009434210

Rules versus discretion in loan rate setting

Cerqueiro, Geraldo; Degryse, Hans; Ongena, Steven - 2007

We propose a heteroscedastic regression model to identify the determinants of the dispersion in interest rates on loans granted to small and medium sized enterprises. We interpret unexplained deviations as evidence of the banks' discretionary use of market power in the loan rate setting process....

Persistent link: https://www.econbiz.de/10010264203