Informational inequity aversion and performance
نویسندگان
چکیده
منابع مشابه
Informational Inequity Aversion and Performance∗
In labor markets, some individuals have, or believe to have, less data on the determinants of success than others, e.g., due to differential access to technology or role models. We provide experimental evidence on how informational differences translate into performance differences in competitive environments. In a laboratory tournament setting, we varied subjects’ information about the potenti...
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Inequity aversion is a special form of other regarding preferences and captures many features of reciprocal behavior, an apparently robust pattern in human nature. Using this concept we analyze the Moral Hazard problem and derive several results which differ from conventional contract theory. Our three key insights are: First, inequity aversion plays a crucial role in the design of optimal cont...
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ژورنال
عنوان ژورنال: Journal of Economic Behavior & Organization
سال: 2019
ISSN: 0167-2681
DOI: 10.1016/j.jebo.2019.02.005