Animal studies suggest the neurotransmitter dopamine (DA) plays an important role in decision-making. In rats, DA depletion decreases tolerance for effort and probability costs, while drugs enhancing DA increase tolerance for these costs. However, data regarding the effect of DA manipulations on effort and probability costs in humans remain scarce. The current study examined acute effects of d-...

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particular problem). This task is far from trivial, time consuming, and requires a great amount of programming (design, implementation, and test) effort. In this situation, it would be of great help to have tools that allow us, easily, to get a feeling about the potential of the strategy proposed before approaching its full implementation, comparison, and assessment. The main aim of this contri...

We consider the combined impact of agency problems and behavioural factors on venture capital/entrepreneur contracting and performance. Particularly, we develop a behavioural game-theoretic model in which a venture capitalist and an entrepreneur negotiate over their respective equity shares, and then exert value-adding efforts in running the business. Double-sided moral hazard exists in that bo...